A small airport's management accountant has prepared the following management report on the performance of its four retail outlets.

Which retail outlet has the highest contribution per square metre?

A standard hour is:

A management account has forecast the following cash inflow from four potential projects.

All four projects require the same initial investment and will last for four years. They all result in a positive net present value but only one of the projects can be undertaken.
Which project should be selected?

A company operates an integrated standard cost accounting system. The standard price of raw material A is S20 per litre. At the start of period 1, the inventory of 500 litres of raw material A was valued at S20 per litre.
During period 1. 100 litres of raw material A were purchased at an actual price of S21 per litre. During period
2. 550 litres of raw material A were issued to Job 789.
In respect of the above events, which TWO of the following statements are correct?

Which THREE of the following statements could explain why an adverse labour efficiency variance has arisen?