MANAGEMENT ACCOUNTING
JUNE 2021
MEMORANDUM
PREPARED BY: MTHOMBENI
0767297208
, 1
QUESTION 1
1.1
Purchases Issues/Returns Balance
Date Quantity Price Amount Quantity Price Amount Quantity Price Amount
01 50 R20 R1000
06 30 R20 R600 20 R20 R400
16 170 R22 R3740 190 R21,80 R4140
20 100 R22 R220 90 R21,60 R1940
21 80 R21,60 R1728 10 R21,60 R216
1.2
Standard rate = Hours worked X Rate per hour
Standard units
= 8 X R Units
= R20
Standard production = 60/10= 6
= 6 X 8 = 48 units
Mary’s remuneration = 50 units X R120 X 110%
= R1100
1.3 (See below for choice of format.)
JUNE 2021
MEMORANDUM
PREPARED BY: MTHOMBENI
0767297208
, 1
QUESTION 1
1.1
Purchases Issues/Returns Balance
Date Quantity Price Amount Quantity Price Amount Quantity Price Amount
01 50 R20 R1000
06 30 R20 R600 20 R20 R400
16 170 R22 R3740 190 R21,80 R4140
20 100 R22 R220 90 R21,60 R1940
21 80 R21,60 R1728 10 R21,60 R216
1.2
Standard rate = Hours worked X Rate per hour
Standard units
= 8 X R Units
= R20
Standard production = 60/10= 6
= 6 X 8 = 48 units
Mary’s remuneration = 50 units X R120 X 110%
= R1100
1.3 (See below for choice of format.)
