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MAC1501 Assignment 7 2024
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MAC1501 Assignment 7 2024
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THIS QUESTION CONSISTS OF TWO SEPARATE QUESTIONS, BOTH OF WHICH MUST BE ANSWERED I
ment 1
Marked out of Part A
ment 2 15.00
I Ela9. 1 Mapholoba Pty Ltd 's activity for the last six months is as follows:
ment 3
Month Machine hours Electrical costs
ment 4
January 2 00 R15 60(
ment 5
February 2 60 R22 50(
ment 6
March 240( R17 50(
ment7 ) April 1 90( R15 20(
re 1 80( Rl 4 50(
May
ction June 220(
letters
g Unit 1: INTRODU... Required:
g unit 1 Using the high-low method calculate the following and choose the correct answer from the options provided
1.1(a) Variable cost per unit R10.00 ¢
1.1(b) Fixed cost R14 500 ¢
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Required:
Using the high-low method calculate the following and choose the correct answer from the options provided:
r l
q
-T-m-e-
; e_f
l t_0_-
, 0-,
3 --0 °9
1
Variable cost per unit R10.00 ¢
Fixed cost R14 500 !
I
[ )
The estimated electrical cost of 2 200 machine hours Rl 8 000 ! .
Part B
Consider the information provided in the following two (2) independent cases A and B. Assuming that overhead costs
- are absorbed to production work at the rate of R7,20 per direct labour hour, calculate the missing values and choose the
correct answer from the options provided.
Case Direct labour
hours
rbsorbed
overheads
Actual
bverheads
rver /under-absorbed
overheads
U...
A
8
10000
12 000
r
r
R72 000
R86 400
•• R75 600
Re6 400 +]
R3 600 under absorbed t
Rl 800 over absorbed
?
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2nerat Discussions
Question Z ]
Time left 0.30.02]
Fill-in the missing words by choosing the correct answer from the options provided:
Answer saved
sessment 1
Marked out of Cost accounting system 7 collects and accumulates detailed information about costs throughout the
I
sessment 2 10 00
Fl entire production process.
sessment 3 (
Current ratio j measures the company's ability to repay current liabilities using only current
sessment 4 assets
sessment 5
[�_P_o, _d_,_c_ti_o__
n b_,__
d eg _, •-] 1s calculated by add mg budgeted sales in units to the desired ending
inventory in units and deducting the beginning inventory in units from this total.
sessment 6
[ )
According to Just·in·t1me system � , mventory is ordered and delivered based on sales or
sessment 7
art here
1 production forecast.
( ]
External stakeholders are described as parties outside the company that are affected by activities
�-------------
troduction 0 ft he company.
Thabang Pty Ltd purchased inventory for RSOO 000 from its suppliers on account. The company's quick ratio would
torial letters
(
decrease
arning Unit 1: INTRODU...
The proportion of variable, and fixed and mixed costs in a company is known as the company's
yarning unit 1
cost structure
tivity 1.1 (a) Direct costs are costs that can be easily traced to a particular cost object under
tivity 1.1 (b) consideration.
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of the company.
al Discussions Thabang Pty Ltd purchased inventory for RSOO 000 from its suppliers on account. The company's quick rat
wo
sment 1
[
decrease L"
The proportion of variable, and fixed and mixed costs in a company is known as the company's
I
sment 2
cost structure
sment 3
Direct costs are costs that can be easily traced to a particular cost object under
sment 4 consideration.
sment 5 In a job costing system, the application of manufacturing overhead would usually be recorded as a debit to
Work in process inventory t
sment 6
sment 7 ) to
Job costing system
the customer's specifications.
ismostly used in situations where units of a product are produced ac
here
luction
al letters
ing Unit 1: INTRODU...
ing unit 1
Previous page r
ty 1.1 (a)
ty 1.1(b)
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