Exam (elaborations)
MAC3701 ASSESSMENT 1 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS
- Course
- Mac3701
- Institution
- University Of South Africa (Unisa)
MAC3701 ASSESSMENT 1 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS
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Question 1 Tshintsha (Pty) Ltd is a manufacturer of three types of inverters namely grid-tied, off-grid andhybrid inverters. Tshintsha uses an absorption costing system. The following information is
Not yet answered
available for the financial year ended 29 February 2024:
M arked out of
1.00 Product Grid-tied Off-grid Hybrid
Flag question Budgeted number of inverters produced 10 000 15 000 20 000
Actual number of inverters produced 8 000 16 000 21 000
Budgeted machine hours per unit 1,25 1,0 1,4
OSCAR DIURA Actual machine hours per unit 1,2 1,1 1,3
oscardiura@gmail.com
0737560989
For FAC,ECS,MAC,DSC, 1. The fixed manufacturing overheads (FMO) are allocated to products based on the
machine time spent. The total budgeted FMO for the year was R13 014 750 and the
TAX,STA,FIN,INV,
total actual FMO was R12 498 600.
QMI,BNU DSC tutoring
2. There was no budgeted or actual opening or closing inventory of any type.
The budgeted FMO allocation rate per machine hour (rounded to two decimal places) for the
2024 financial year was:
Select one:
a. R238,80
=13014750/(1.25*10000+15000+1.4*20000)
b. R234,50
c. R225,20
d. R229,33
e. None of the options
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, Question 2 Tshintsha (Pty) Ltd is a manufacturer of three types of inverters namely grid-tied,
Not yet answered off-grid and hybrid inverters. Tshintsha uses an absorption costing system. The
following information is available for the financial year ended 29 February 2024:
M arked out of
1.00 Product Grid-tied Off-grid Hybrid
Flag question
Budgeted number of inverters produced 10 000 15 000 20 000
Actual number of inverters produced 8 000 16 000 21 000
Budgeted machine hours per unit 1,25 1,0 1,4
Actual machine hours per unit 1,2 1,1 1,3
1. The fixed manufacturing overheads (FMO) are allocated to products based
on the machine time spent. The total budgeted FMO for the year was
R13 014 750 and the total actual FMO was R12 498 600.
2. There was no budgeted or actual opening or closing inventory of any type.
For this question only assume that the FMO allocation rate per machine hour is R200
The FMO allocated to product Grid-tied in the Actual statement of profit and loss for
the 2024 financial year is:
Select one:
a. R2 000 000 =200*1.2*8000
=1920000
b. None of the options
c. R2 400 000
d. R2 500 000
e. R1 920 000
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P r e vious
a c tivity
OSCAR DIURA
oscardiura@gmail.com
0737560989
For FAC,ECS,MAC,DSC,
TAX,STA,FIN,INV,
QMI,BNU DSC tutoring
, Question 3 Tshintsha (Pty) Ltd is a manufacturer of three types of inverters namely grid-tied,
Not yet answered off-grid and hybrid inverters. Tshintsha uses an absorption costing system. The
following information is available for the financial year ended 29 February 2024:
M arked out of
1.00 Product Grid-tied Off-grid Hybrid
Flag question
Budgeted number of inverters produced 10 000 15 000 20 000
Actual number of inverters produced 8 000 16 000 21 000
Budgeted machine hours per unit 1,25 1,0 1,4
Actual machine hours per unit 1,2 1,1 1,3
1. The fixed manufacturing overheads (FMO) are allocated to products based
on the machine time spent. The total budgeted FMO for the year was
R13 014 750 and the total actual FMO was R12 498 600.
2. There was no budgeted or actual opening or closing inventory of any type.
For his question only assume that the total FMO allocated to products in the 2024
financial year actual statement of profit and loss was R12 800 000
The 2024 financial year’s over or under-allocated FMO amount was:
Select one:
a. Over allocation of R301 400
=12498600-12800000
b. Under allocation of R301 400 =301400
c. Under allocation of R214 750
d. Over allocation of R214 750
e. None of the options
Previous page Next page
OSCAR DIURA
oscardiura@gmail.com
0737560989
For FAC,ECS,MAC,DSC,
TAX,STA,FIN,INV,
QMI,BNU DSC tutoring
P r e vious
a c tivity
Announcements
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