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NEW QUESTION: 1
You need to create a new fixed asset and assign a depreciation profile.
You want this fixed asset to be depreciated by the same percentage in each depreciation period.
Which depreciation method should be set in the depreciation profile?
A. straight line service life
B. manual
C. factor
D. reducing balance
Answer: A

NEW QUESTION: 2
Which of the following information is most commonly obtained from the candidate's profile: There are 2 correct answers to this question.
A. Available start date for a specific position
B. Candidate's education details
C. Candidate's contact details
D. Candidate's expected salary for a specific position
Answer: B,C

NEW QUESTION: 3
During the first financial period of this year a company posted profit of £340,000. However, their overheads were over absorbed by £20,000 in this period. As a result they tried to update their absorption rate for the current period and as such they ended up under absorbing their overheads by £12,000.
They have also reported a sales volume increase of 550 when comparing this period to last.
You have been given the following information on unit cost/prices:
Selling price = £95 per unit
Variable production cost per unit = £15
Variable selling cost per unit = £18
Fixed overhead per unit = £8
They have asked you to reconcile their profit between periods.
Based on the information you have been given, what is their profit for the current period?
A. £357,700
B. £337,700
C. £349,700
D. £369,700
Answer: B