100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
MAC3701 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED €2,59
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Application of Management Accounting Techniques (MAC3701)

Tentamen (uitwerkingen)

MAC3701 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED
 0 keer verkocht
  • Vak
  • Application of Management Accounting Techniques (MAC3701)
  • Instelling
  • University Of South Africa (Unisa)
  • Boek
  • Management Accounting

Well-structured MAC3701 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).

Voorbeeld 4 van de 31  pagina's

Document informatie

  • 21 augustus 2023
  • 31
  • 2023/2024
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • mac3701

Gekoppeld boek

book image

Titel boek:

Auteur(s):

  • Uitgave:
  • ISBN:
  • Druk:

Geschreven voor

  • University of South Africa (Unisa)
  • Application of Management Accounting Techniques (MAC3701)
Alle documenten voor dit vak (42)

Verkoper

avatar-seller
Edge

Ontvangen beoordelingen

Voorbeeld van de inhoud

MAC3701
Assignment 1 Semester 2 2023
Unique Number: 786144
Due Date: 21 August 2023




DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided.

,MAC3702 ASSIGNMENT 1 0F SEMESTER 2 OF
2023
QUESTION 1
Letsatsi (Pty) Ltd is a manufacturer of solar geysers. The company manufactures two
types of solar geysers, Low-pressure (“LowP”) and High-pressure (“HighP”) solar
geysers. Letsatsi makes use of an absorption costing system and all types of
inventory are valued using the first-in-first-out method (FIFO). The following
information is available for the financial year ended 30 June 2023:




1. There was no actual and budgeted opening inventory of any type for the 2023 financial
year.
2. No actual or budgeted normal material losses occurred in the production process.
3. Letsatsi’s fixed manufacturing overheads (FMO) are allocated based on the budgeted
direct labour clock hours. The total budgeted FMO was R655 000 per month and the total
actual FMO for the year was R9 200 000.
4. The budgeted other fixed administrative costs for the division were R2 358 000 per
annum and the actual other fixed administrative costs were R2 400 000.

The budgeted fixed manufacturing overheads allocation rate per direct labour clock hour for the 2023
financial year is:

Solution

Calculation of Total direct labour clock hours

Hours
LowP 56 000
HighP 75 000
131 000




Downloaded by: dtabdb | Want to earn
Distribution of this document is illegal R13,625 per year?

,Fixed manufacturing overheads allocation rate per direct labour clock hour

=

=

=




QUESTION 2
Letsatsi (Pty) Ltd is a manufacturer of solar geysers. The company manufactures two
types of solar geysers, Low-pressure (“LowP”) and High-pressure (“HighP”) solar
geysers. Letsatsi makes use of an absorption costing system and all types of
inventory are valued using the first-in-first-out method (FIFO). The following
information is available for the financial year ended 30 June 2023:




1. There was no actual and budgeted opening inventory of any type for the 2023
financial year.
2. No actual or budgeted normal material losses occurred in the production process.
3. Letsatsi’s fixed manufacturing overheads (FMO) are allocated based on the budgeted
direct labour clock hours. The total budgeted FMO was R655 000 per month and the
total actual FMO for the year was R9 200 000.




Downloaded by: dtabdb | Want to earn
Distribution of this document is illegal R13,625 per year?

, 4. The budgeted other fixed administrative costs for the division were R2 358 000 per
annum and the actual other fixed administrative costs were R2 400 000.

For question 2 only assume the following:

i. The budgeted fixed manufacturing overheads (FMO) allocation rate per direct
labour clock is R80 per hour.

The total FMO amount included in costs of sales for the 2023 financial year is?

Solution

R
Allocated overheads: LowP 3 600 000
Allocated overheads: HighP 7 072 000
Total allocated overheads 10 672 000




QUESTION 3
Letsatsi (Pty) Ltd is a manufacturer of solar geysers. The company manufactures two
types of solar geysers, Low-pressure (“LowP”) and High-pressure (“HighP”) solar
geysers. Letsatsi makes use of an absorption costing system and all types of
inventory are valued using the first-in-first-out method (FIFO). The following
information is available for the financial year ended 30 June 2023:




Downloaded by: dtabdb | Want to earn
Distribution of this document is illegal R13,625 per year?

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Edge. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €2,59. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 64670 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

NR 452 ATI RN COMPREHENSIVE EXIT EXAM _2020 - Chamberlain C. VERIFIED

Tentamen (uitwerkingen) ·

(1)

HESI MILESTONE EXAM 2QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE.

Samenvatting ·

(1)

Alle examenvragen + wooclapquiz-vragen bedrijfsinformatica (UITGEWERKT)

Essay ·

(0)

Structured, Routine & Free activities (in Life Skills) defined (with examples)

Tentamen (uitwerkingen) ·

(0)

BIOD 152 Final Exam (100% Correct Exam Answer Key) Graded A- Portage Learning

Tentamen (uitwerkingen) ·

(0)

NUR2488 MENTAL HEALTH NURSING EXAM 3 50 VERIFIED ANSWERS, ALREADY GRADED A+)

Tentamen (uitwerkingen) ·

(0)

MNM3709 Assignment 3 (Detailed Answers) Semester 2 DUE 1 October 2024

Voordeelbundel ·

(0)

AQA A-level PHILOSOPHY PAPER 1 JUNE 2023 QUESTION PAPER AND MARK SCHEME

Tentamen (uitwerkingen) ·

(0)

Maternal Child Nursing Care Chapter 18 Maternal Physiologic Changes

€2,59
  • (0)
In winkelwagen
Toegevoegd