100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
Eerder door jou gezocht
Exam (elaborations) MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024 • Course • Application of Management Accounting Techniques (MAC3701) • Institution • University Of South Africa (Unisa) • Book • Cost and Management A€2,48
Exam (elaborations) MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024 • Course • Application of Management Accounting Techniques (MAC3701) • Institution • University Of South Africa (Unisa) • Book • Cost and Management A
120 keer bekeken 3 keer verkocht
Vak
MAC3701
Instelling
University Of South Africa
Boek
Cost and Management Accounting
Exam (elaborations)
MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024
• Course
• Application of Management Accounting Techniques (MAC3701)
• Institution
• University Of South Africa (Unisa)
• Book
• Cost and Management Accounting
MAC3701 Assign...
de nuttige samenvatting en college aantekeningen van MA
Exam (elaborations) MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024 • Course • Application of Management Accounting Techniques (MAC3701) • Institution • Un...
Exam (elaborations) MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (622981) - DUE 18 April 2024 • Course • Application of Management Accounting Techniques (MAC3701) • Institution • Un...
Alles voor dit studieboek
(12)
Geschreven voor
University of South Africa
MAC3701
Alle documenten voor dit vak (16)
Verkoper
Volgen
tabithamwendwa73
Ontvangen beoordelingen
Voorbeeld van de inhoud
Exam (elaborations)
MAC3701
Assignment 2
(COMPLETE
ANSWERS)
Semester 1 2024
(622981) - DUE 18
April 2024
Course
Application of Management
Accounting Techniques
(MAC3701)
Institution
University Of South Africa (Unisa)
Book
[School]
Cost and Management Accounting [Course title]
,Exam (elaborations)
MAC3701 Assignment 2 (COMPLETE ANSWERS)
Semester 1 2024 (622981) - DUE 18 April 2024
Course
Application of Management Accounting Techniques (MAC3701)
Institution
University Of South Africa (Unisa)
Book
Cost and Management Accounting
MAC3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024
(622981) - DUE 18 April 2024 ;100% TRUSTED workings, explanations
and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.........
QUESTION 1 (100 Marks; 180 Minutes) Shesha Nami (Pty) Ltd (SN) is a
well-established electronic bicycle manufacturing company operating from
its plant and distribution centre in Middelburg (Mpumalanga), South Africa.
The company has a male-dominated management team and is well known
for its quality products and commitment to sustainability. SN makes two
types of electrical bikes, namely the Electric mountain bike (E-MTB) and
the Electric city bike (E-CB). The E-MTB has a bigger frame and tyres than
the E-CB to provide stability and control for more rugged terrains. Both
bikes make use of an electric motor, powered by a battery, to assist with
propulsion. SN makes use of an absorption costing system and all its
inventory items are valued using the first-in-first-out (FIFO) method. SN has
a 31 December financial year end. 1. SN’s STANDARD AND BUDGETED
INFORMATION FOR THE 2023 FINANCIAL YEAR
1.1. Inventory and manufacturing The company had no budgeted opening
and closing inventory of any type. SN budgeted to manufacture the
electronic bikes in direct proportion to its standard sales mix. The budgeted
manufacturing levels for the 2023 financial year were equal to the
company’s normal manufacturing capacity.
1.2. Sales SN budgeted to sell 24 000 E-MTB and 16 000 E-CB units. One
bike is equal to one unit. The budget selling price per unit for E-MTB and E-
CB was R28 000 and R26 000 respectively.
, 1.3. Variable and Fixed costs The E-bike manufacturing starts with the
frame and suspension made from Aluminium. The frame and suspension
are produced according to the bike’s design and specification using various
cutting and bonding machinery. Once the frame and suspension are ready,
various components (wheels, brakes, drivetrain & other components) are
attached to the frame. The key components that differentiate E-bikes from
traditional bicycles are the electric motor and lithium-ion battery which are
integrated into the bike’s frame. SN employs factory workers for the
manufacturing and assembly process. The standard is to allow 8% idle time
for these direct labourers. Page 3 of 8 MAC3701 Assessment 02/S1/2024
[TURN OVER]
QUESTION 1 (continued)
1.3.1. Variable costs The standard variable cost requirements for one E-
MTB and one E-CB unit are: Requirements per unit INPUTS E-MTB E-CB
Budgeted price Aluminium 1,8 kilogram 1,5 kilogram R 42 000 per ton
Electric motor 1 electric motor 1 electric motor R 3 800 per motor Lithium-
ion Battery 1 battery 1 battery R 6 000 per battery Various components 1,1
component sets 1 component set R 12 500 per set Direct labour 90 clock
minutes per bike 90 clock minutes per bike R 105 per clock hour Variable
manufacturing overheads (VMO) 45 machine minutes 45 machine minutes
R13 per machine hour Selling and distribution Refer to 1.4 Refer to 1.4 R50
per bike
1.3.2. Fixed costs Fixed manufacturing overhead costs (FMO) are
allocated based on budgeted labour hours and the total budgeted fixed
manufacturing overheads were R.
1.4. Selling and distribution costs Selling and distribution costs were
budgeted to be a total of R3 000 000 for the year.
1.5. Administrative costs Increased environmental regulations have
highlighted some concerns around SN’s CO2 emissions due to greenhouse
gases that are released during the welding process. Additionally, SN’s lack
of a recycling strategy as an area of concern, due to its use of non-
recyclable materials during manufacturing, was underlined. As a result,
management budgeted fixed administrative costs of R for the year to
accommodate for increased compliance costs. Page 4 of 8 MAC3701
Assessment 02/S1/2024 [TURN OVER] QUESTION 1 (continued)
2. ACTUAL RESULTS FOR THE 2023 FINANCIAL YEAR 2.1.
Manufacturing and Sales Rising demand for electrical bikes resulted in
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
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 tabithamwendwa73. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €2,48. Je zit daarna nergens aan vast.
