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HMAC230 formative assessment R127,00
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HMAC230 formative assessment

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This is a formative assessment that was assigned to the second year students based on business management

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  • April 30, 2023
  • 12
  • 2022/2023
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edenwilson
MEMORANDUM

Academic Year 2022: January - June

Formative Assessment 1: Principles of Management Accounting
(HMAC230-1)

NQF Level, Credits: 6, 12

Weighting: 15%

Assessment Type: Paper-based Questions

Examiner: E. Slabbert

Educator: E. Slabbert

Due Date: 25 March 2022

Total: 100 marks



Instructions:

• This paper consists of 3 questions.
• It is based upon units 1-4 (Chapters 1-7) of your study guide.
• All questions are compulsory.
• Show ALL calculations.

• Round to TWO decimals where required.

• The SAICA Competency Framework Reference at the end of a question is
for recordkeeping and will inform you which SAICA Competency is
covered in the question



1 HMAC230-1-Jan-Jun2022-FA1-MEMO-V3-ES-17012022

, NB. Notes to grader:

• Throughout the paper, award full marks for the question when the
student’s final answer is correct. Otherwise mark with calculations as
indicated.
• NB! Throughout the question paper, in an answer, if a student
added/deducted/multiplied/divided addition amounts, award marks for
the correct calculations but ensure no mark is awarded for the incorrect
part of the calculation, e.g.:
If a question counted 2 marks, one for each part of the following
calculation: “50 x 6” and the student’s calculations were : “ 50 x 6
/ 2”, only 1 mark is awarded (to the 50) as the student effectively
multiplied with 3 instead of 6 (i.e., incorrect).
• ✓ © Award mark based on students’ previous calculation.


QUESTION 1 (25 marks)

1.1. (14 marks)

Learning curve percentage = [(12 hours ✓ + 8.5 hours ✓) /2 units*✓] / [12
hours✓ / 1 unit] x 100

= 10.25 hours / 12 hours x 100

= 85.42%

✓ Award mark if final answer is expressed as % or student multiplied with 100
during the calculations.

* Note: When the section was audited during first year of traineeship, it was 1
unit completed.

When the same audit second is audited during second year of traineeship, it
is now 2 units which are completed.



2nd year trainee’s gross remuneration:

R12 000 ✓ x [100% ✓ +(100% ✓ - 85.42%✓©)] = R13 749.60



3rd year trainee’s gross remuneration:

85.42% is the learning curve experienced.


2 HMAC230-1-Jan-Jun2022-FA1-MEMO-V3-ES-17012022

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