Which TWO of the following statements about management accounting information are true? 1. It may include non-financial information 2. It is required by law to be produced 3. It is used to aid planning 4. It is for use by parties external to the organisation

In a given period, the weighing process was the bottleneck and the Throughput Accounting Ratio (TPAR) was 1.45. Which of the following statements regarding this scenario is correct? (1) Operating costs exceeded total throughput contribution. (2) Reducing idle time in non-bottleneck departments improves TPAR. (3) Improving efficiency in the bottleneck process improves TPAR.

Which TWO of the following statements describe actions that would improve the Throughput Accounting Ratio (TPAR)? 1. Obtaining a bulk discount on raw materials from suppliers. 2. Giving a loyalty discount to customers. 3. An increase in market demand for products. 4. A reduction in factory premise rental costs for the next year.