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MAC2601 Solutions to Additional Practice Questions 2018

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This is solutions to 2018 practice questions to be studied in conjunction with the other study materials. Once understood your chances of passing this module is greatly enhanced.

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  • September 1, 2020
  • 57
  • 2018/2019
  • Exam (elaborations)
  • Questions & answers

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MAC2601 Question Bank




Question Bank:
Suggested solution to question 1

Principles of
Management Accounting

MAC2601
Semester 2

Department of Management Accounting


IMPORTANT INFORMATION:
This tutorial letter contains important information
regarding your module.




Note: This tutorial letter is only available for download from myUnisa and will not be posted to
you.




Define tomorrow

, MAC2601 Question Bank


SUGGESTED SOLUTION TO QUESTION 1 OF THE ADDITIONAL PRACTICE QUESTIONS

Question Theme Marks Time in
minutes

1 Cost-volume-profit and Sensitivity Analysis; 20 24
Probabilities


QUESTION 1 20 Marks

MAFIKENG MANUFACTURERS (PTY) LTD

(a) Break-even units = Total fixed costs / Contribution per unit
6 000 = Total fixed costs / (R120 – R30)
6 000 x R90 = Total fixed costs
Total fixed costs = R540 000 (3)

(b) Total contribution = Total sales in Rand – Total variable costs in Rand
= (7 500 units x R120/unit) – (7 500 units x R30/unit)
= R900 000 – R225 000
= R675 000 (2)

(c) MoS in units = Total sales units – Break-even units
= 8 000 – 6 000
= 2 000 units (1)

(d) MoS ratio = (Total sales in Rand – Break-even sales in Rand) / Total sales in Rand
= (10 000 x R120 – 6 000 x R120) / (10 000 x R120)
= (R1 200 000 – R720 000) / R1 200 000
= R480 000 / R1 200 000
= 40% (2)

(e) Sales units = (Fixed costs + Target profit) / Contribution per unit
= (R540 000 + R90 000) / R90 per unit
= R630 000 / R90 per unit
= 7 000 units (3)

(f) Break-even value = Total fixed costs / Contribution ratio
= R600 000 / [(R150 – R30)/R150]
= R600 000 / (R120/R150)
= R600 %
= R600 ,8
= R750 000 (3)
 R120 x 125% = R150
©
UNISA 2018 2

, MAC2601 Question Bank


TEAMWORK TECHNOLOGY SERVICES (PTY) LTD

(g)

Possible Value Probability Weighted
outcome contribution in
number (contribution in Rand
Rand)

1 R100 000 30% R30 000

2 R120 000 20% R24 000

3 R220 000 15% R33 000

4 R350 000 10% R35 000

5 R 60 000 25% R15 000

Total 100% R137 000
(expected value)
(5)

(h) R100 000 (the value with the highest probability) (1)

Total 20




© UNISA 2018. All rights reserved. No part of this document may be reproduced or transmitted in any form or by any means without
prior written permission of Unisa.




©
UNISA 2018 3

, MAC2601 Question Bank




Question Bank:
Suggested solution to question 2

Principles of
Management Accounting

MAC2601
Semester 2

Department of Management Accounting


IMPORTANT INFORMATION:
This tutorial letter contains important information
regarding your module.




Note: This tutorial letter is only available for download from myUnisa and will not be posted to
you.




Define tomorrow

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