Exam (elaborations)
Guaranteed Distinction
- Course
- Institution
MAC3701 Assignment 1 Semester 1 of 2024
[Show more]
Seller
Follow
UNISOLUTIONS
Reviews received
Content preview
Answer: R234.50FMO allocation rate per machine hour = (Total Budgeted Fixed manufacturing
overheads / Total Budgeted machine hours)
Total Budgeted Machine Hours = [(10 000 * 1.25) + (15 000 * 1) + (20 000 * 1.4)] =
55 500hrs
FMO allocation rate per machine hour = 13 014 500 = R234.50 per hour
ANSWER: R1 920 000
FMO allocated to Grid = FMO rate * Actual machine hours = 200 * 8 000 * 1.2 = R1 920 000
,Answer: Over allocation R301 400
Over allocation = FMO allocated – Actual FMO = 12 800 000 – 12 498 600 = R301 400
Answer: Prime cost and a conversion cost
, Answer: Total machine hours spend per product type
Total receipts = *(155 000 * 10%) + (155 000 * 90% * 70%) + 80 000+ = R193 150
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 UNISOLUTIONS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.71. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
56326 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now