MAC1501
ASSIGNMENT 1
SEMESTER 1
ANSWERS 2026
MAC1501 ASSIGNMENT 1 SEMESTER 1
ANSWERS 2026
, MAC1501 Semester 1
QUESTION 1
A1: (b)
A2: (d)
A3: (d)
A4: (c)
A5: (b)
PART 2
Steps and results
- Total MOH = Total Mfg costs – Prime costs = 1,590,000 – 1,070,000 = 520,000
- Variable MOH = 60% of 520,000 = 312,000
- Fixed MOH = 40% of 520,000 = 208,000
- Conversion costs = Direct Labour + MOH = 950,000
- Direct Labour = 950,000 – 520,000 = 430,000
- Direct Materials = Prime costs – Direct Labour = 1,070,000 – 430,000 = 640,000
Per unit (500 units)
- Direct materials per unit = 640, = 1,280
- Direct labour per unit = 430, = 860
- Variable MOH per unit = 312, = 624
- Variable selling & admin = 30% of 480,000 = 144,000 total
ASSIGNMENT 1
SEMESTER 1
ANSWERS 2026
MAC1501 ASSIGNMENT 1 SEMESTER 1
ANSWERS 2026
, MAC1501 Semester 1
QUESTION 1
A1: (b)
A2: (d)
A3: (d)
A4: (c)
A5: (b)
PART 2
Steps and results
- Total MOH = Total Mfg costs – Prime costs = 1,590,000 – 1,070,000 = 520,000
- Variable MOH = 60% of 520,000 = 312,000
- Fixed MOH = 40% of 520,000 = 208,000
- Conversion costs = Direct Labour + MOH = 950,000
- Direct Labour = 950,000 – 520,000 = 430,000
- Direct Materials = Prime costs – Direct Labour = 1,070,000 – 430,000 = 640,000
Per unit (500 units)
- Direct materials per unit = 640, = 1,280
- Direct labour per unit = 430, = 860
- Variable MOH per unit = 312, = 624
- Variable selling & admin = 30% of 480,000 = 144,000 total