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1 Three years ago the price index appropriate to Material Z had a value of 140. It now has a value
of 180.
The material costs $3,500 per kg today.
What was its cost per kg three years ago?
A $1,167
B $2,722
C $4,500
D $6,222 (2 marks)
2 Which of the following statements are true?
1 Quota sampling is a non-probability sampling method.
2 Stratified random sampling involves dividing the population into categories.
A Statement 1 is true and statement 2 is false
B Statement 1 is false and statement 2 is true
C Both statements are true
D Both statements are false (2 marks)
3 A manufacturing company has four types of cost (identified as T1, T2, T3 and T4)
The total cost for each type at two different production levels is:
Cost type Total cost for 125 units Total cost for 180 units
$ $
T1 1,000 1,260
T2 1,750 2,520
T3 2,475 2,826
T4 3,225 4,644
Which two cost types would be classified as being semi-variable?
A T1 and T3
B T1 and T4
C T2 and T3
D T2 and T4 (2 marks)
4 D Co has presented information on a particular cost in the form of a line graph.
What does the graph show?