NAME
NAME:
STUDENT NUMBER
MAC2601 EXAM S1 2022
UNISA
,Question 1
1) (c)
2) (b)
3) (d)
4) (a)
5) (a)
6) (b)
7) (a)
8) (c)
9) (b)
10) (a)
, Question 2
a) Quality shoes for ALL (Pty) Ltd
Calculations pf over/under recovert
Applied overheads (20 × 8hrs × 280 days × R34 375) R1 540 000
Actual overheads R 1 605 000
Under-recovery R 65 000
Journal entirety Dr (R) CR (R)
Cost of sales 65 000
Manufacturing overheads 65 000
Workings
W1) Budgeted fixed Manufacturing overheads
Absorption rate Budgeted fixed Man
Overheads
Budgeted labour hours
R1 650 000
48 000 hours
R 34 375 per labour hour
2b) Actual Income statement of the shoes maker for the year ended 31 March 2021
NAME:
STUDENT NUMBER
MAC2601 EXAM S1 2022
UNISA
,Question 1
1) (c)
2) (b)
3) (d)
4) (a)
5) (a)
6) (b)
7) (a)
8) (c)
9) (b)
10) (a)
, Question 2
a) Quality shoes for ALL (Pty) Ltd
Calculations pf over/under recovert
Applied overheads (20 × 8hrs × 280 days × R34 375) R1 540 000
Actual overheads R 1 605 000
Under-recovery R 65 000
Journal entirety Dr (R) CR (R)
Cost of sales 65 000
Manufacturing overheads 65 000
Workings
W1) Budgeted fixed Manufacturing overheads
Absorption rate Budgeted fixed Man
Overheads
Budgeted labour hours
R1 650 000
48 000 hours
R 34 375 per labour hour
2b) Actual Income statement of the shoes maker for the year ended 31 March 2021
