100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MAC2601 Assignment 5 2023 Solution $2.78
Add to cart

Other

MAC2601 Assignment 5 2023 Solution

 48 views  3 purchases
  • Course
  • Institution

MAC2601 Assignment 5 2023 solution

Preview 2 out of 7  pages

  • February 2, 2024
  • 7
  • 2022/2023
  • Other
  • Unknown
avatar-seller
MAC2601 ASSESSMENT 5 - MAY 2023 - Solution
QUESTION 1
MCQs
1. B
2. A
3. B
4. A
5. A
Cost per unit (change)
= (Y1 -Y2) / (X1 -X2)
= (R150 000 – R50 000) / (100 000– 20 000)
= R1,25


6. D
7. D
8. A
9. A
10. C


Question 2
1. Averaged/Average
2. Physical
3. Risk
4. (SP x 900) – (R350 x 900) = R36 000
900SP -315 000 = R36 000
SP = R390
5. Evenly/ uniformly
6. Production/Manufacturing overheads (Clearance)
7. Alternatives/ options
8. Sunk (cost)
9. Normal
10. Budgeted


QUESTION 3

Details Calculations June July August
R R R
Receipts:
Sales/Receipts 1 057 500 815 800 954 175
Cash C1 900 000 656 000 765 000
Credit C1 157 500 159 800 189 175

Payments:

, Purchases C2 -712 500 -783 750 -862 125
Manufacturing June: 102 500 -62 500 -112 750 -124 025
overheads – 40 000
Selling expenses -26 250 -28 875 -31 763


Selling of a machine 35 000
Tax liability -78000
Opening balance 125 000 416 250 306 675

Closing balance 416 250 306 675 164 937


Calculations
1. Sales
Cash (80%) Credit 20%
June:1 125 000 900 000 225 000
July: 820 000 656 000 164 000
August: 956 250 765 000 191 250
Collection for credit sales

June July August
R R R

June sale -
R225 000 70% (June) 157 500
20% (July) 45 000
10% (August) 22 500
July sale- R164
000 70% (July) 114 800
20% (August) 32 800
August sale-
R191 250 70% (August) 133 875
Total 157 500 159 800 189 175


2. Purchases

June: R235 000 + R375 000 + R102 500= R712 500

July: R712 500 x 1.1 = R783 750

August: R783 750 x 1.1 = R862 125

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller anushkeharmse08. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.78. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.78  3x  sold
  • (0)
Add to cart
Added