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MAC3701 Assignment 1 of 2021 (ECP)
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MAC3701 ECP ASSIGNMENT 1 – SEMESTER 1OF 2021
1. 2
2. 1
Calculation of Total Fixed Costs
R
Rent of fully equipped mini – factory (13 000 ∗ 12) 156 000
Rent of adjacent shop (2 000 ∗ 12) 24 000
Factory supervisor`s salary 120 000
Total annual fixed costs 300 000
3. 4
SF MF LF
R R R
Selling Price 80 100 125
Less Variable costs per unit (50.70) (61) (71.70)
Wood panels 30 36 42
Other sundry manufacturing overheads 13 16.50 20
5 5.5 2 2 2.20
Direct labour [(60 ∗ 24) ; ( 60 ∗ 24)]
2.50 2.50 2.50
Variable manufacturing overheads
Variable selling costs 3.20 4 5
[(80 ∗ 4%); (100 ∗ 4%); (125 ∗ 4%)]
29.30 39 53.30
2 2 1
Weighted – average contribution = [(5 ∗ 29.30) + (5 ∗ 39) + (5 ∗ 53.30)]
= 𝑹𝟑𝟕. 𝟗𝟖 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕
Calculations
500
Plank price per metre = 10
= 𝑹𝟓𝟎 𝒑𝒆𝒓 𝒎𝒆𝒕𝒓𝒆
, Cost of wood panels per metre
(2 ∗ 18) +(2 ∗ 12)
SF = [ ∗ 50]
100
= 𝑹𝟑𝟎
(2 ∗ 21) +(2 ∗ 15)
MF = [ ∗ 50]
100
= 𝑹𝟑𝟔
(2 ∗ 24) +(2 ∗ 18)
LF = [ ∗ 50]
100
= 𝑹𝟒𝟐
4. 3
2 2 1
Weighted – average contribution = [(5 ∗ 40) + (5 ∗ 25) + (5 ∗ 20)]
= 𝑹𝟑𝟎 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕
𝑻𝒐𝒕𝒂𝒍 𝑭𝒊𝒙𝒆𝒅 𝑪𝒐𝒔𝒕𝒔
Break – even units = 𝑾𝒆𝒊𝒈𝒉𝒕𝒆𝒅 𝑪𝒐𝒏𝒕𝒓𝒊𝒃𝒖𝒕𝒊𝒐𝒏 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕
90 000
= 30
= 𝟑 𝟎𝟎𝟎 𝒖𝒏𝒊𝒕𝒔
5. 1
𝑻𝒐𝒕𝒂𝒍 𝑭𝒊𝒙𝒆𝒅 𝑪𝒐𝒔𝒕𝒔 + 𝑻𝒂𝒓𝒈𝒆𝒕𝒆𝒅 𝑷𝒓𝒐𝒇𝒊𝒕
Units to be sold to achieve a targeted profit = 𝑾𝒆𝒊𝒈𝒉𝒕𝒆𝒅 𝑪𝒐𝒏𝒕𝒓𝒊𝒃𝒖𝒕𝒊𝒐𝒏 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕
[90 000 + (45 000∗4)]
= 30
= 𝟗 𝟎𝟎𝟎 𝒖𝒏𝒊𝒕𝒔
Break – down in units
2
SF & MF = ( ∗ 9 000) = 𝟑 𝟔𝟎𝟎 𝒖𝒏𝒊𝒕𝒔
5
1
LF = (5 ∗ 9 000) = 𝟏 𝟖𝟎𝟎 𝒖𝒏𝒊𝒕𝒔
6. 1
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