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Mancosa Cost Accounting Revision R64,00
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  3. Management College Of Southern Africa (MANCOSA)
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  5. Cost accounting

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Mancosa Cost Accounting Revision
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It has examples and exercises with answers to practice on and tackles the concepts of cost Accounting which is also known as financial management 2a

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  • July 2, 2024
  • 75
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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STUDENT CHECKLIST BEFORE EACH WEBINAR (RECIPE FOR SUCCESS)


NO. QUESTION  OR X
1. Did I read through the entire unit in the module guide?


2. Did I pay particular attention to each illustrative example and
tried to gain an understanding of how it was worked out?


3. Did I attempt the self-assessment activities?


4. Did I compare my answer to each self-assessment activity with
the solution in the module guide to see where I may have gone
wrong?


5. Did I attempt the activity (activities) assigned by the webinar
facilitator (Mr P. Brijlal)?

, UNIT 2: ADDITIONAL NOTES

CLASSIFICATION OF COSTS INTO FIXED AND VARIABLE

VARIABLE COSTS (Often stated as: per unit; %)
1. DIRECT MATERIALS COST
2. DIRECT LABOUR COST VARIABLE MANUFACTURING COSTS
3. VARIABLE MANUFACTURING OVERHEADS
4. VARIABLE ADMINISTRATION COSTS e.g. R2 PER UNIT SOLD
5. VARIABLE SELLING AND DISTRIBUTION COSTS e.g. SALES COMMISSION 5%


FIXED COSTS (Often stated as : per month; per year)
1. FIXED MANUFACTURING OVERHEADS
2. FIXED ADMINISTRATION COSTS e.g. SALARIES
3. FIXED SELLING AND DISTRIBUTION COSTS e.g. ADVERTISING

, Page 1 of 4


COST ACCOUNTING
UNIT 1 AND 2: ACTIVITIES
UNIT 1
1. Classify the following costs as direct or indirect. Place a tick in the appropriate column.


No. Cost Direct cost Indirect cost
1. Fabric used in the manufacture of shirts
2. Grease for the factory machines
3. Depreciation of factory machinery
4. Cleaning materials
5. Salary of the supervisor
6. Wood used in making tables
7. Wages of the person who operates the machine that makes
the shoes
8. Rent of the factory


2. Classify the following costs as fixed or variable in terms of the level of output. Place a
tick in the appropriate column.


No. Cost Fixed cost Variable cost
1. Rent expense
2. Direct materials
3. Property rates and taxes
4. Commission of salesperson
5. Depreciation using straight-line method
6. Direct labour
7. Insurance
8. Salary of factory manager

, Page 2 of 4


3. Classify the following costs as manufacturing, marketing or administrative costs.
Place a tick in the appropriate column.


No. Cost Manufacturing Marketing Administrative
1. Advertising
2. Salary of the typist
3. Repairs to the factory machine
4. Depreciation on office furniture
5. Bad debts
6. Audit fees
7. Carriage costs on materials
purchased
8. Rent of the office building

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