MAC2601 Assessment (COMPLETE ANSWERS) 2026 - Due April 2026

Principles of Management Accounting - MAC April Assessment; 100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... UNIVERSITY ASSESSMENT April 2026 MAC2601 Principles of Management Accounting 120 Marks Duration: 2 days Use of a non-programable pocket calculator is permissible. Close book assessment The question paper remains the property of the University of South Africa and may not be distributed beyond its intended use for this assessment THIS PAPER CONSISTS OF FIFTEEN (15) PAGES IN TOTAL. THIS IS NOT AN OPEN-BOOK ASSESSMENT! YOU ARE NOT ALLOWED TO COPY FROM ANY SOURCES INCLUDING YOUR LEARNING UNITS OR TUTORIAL LETTERS. QUESTION PAPER - INSTRUCTIONS: Please note: 1. This paper consists of six (6) questions 2. You are strongly advised to carefully read the required before attempting the questions concerned. 3. All questions must be answered. 4. All calculations must be shown. 5. Each question attempted, must commence on a new (separate) page. 6. Include (write/type) your student number in the document/answer file. PROPOSED TIMETABLE FOR THIS ASSESSMENT: QUESTION TOPIC MARKS 1 Direct and Absorption Costing 24 2 Accounting for Overheads 10 3 Activity Based Costing 29 4 Cost Profit Volume analysis 21 5 Accounting for Material 19 6 Process Costing 17 TOTAL 120 MAC2601 APRIL 2026 [CONFIDENTIAL] Page 2 of 15 [TURN OVER] Follow the steps below to complete and submit a Take home assessment 2: 1. Download the question paper and note any additional information provided. 2. Complete the Take-Home assessment in MS Word or on paper. Note: MS Word documents need to be saved as PDF documents, and paper-based answers must be scanned into a combined PDF document. Note: Students must upload their answer scripts in a single PDF file. 3. When ready to submit, open the Assessment 2 again and click on the Add Submission button. 4. Note the file requirements such as: a. File size limit. b. Number of files that can be submitted. c. File formats allowed. 5. Review your submission information regarding the status and click on your submission file link to check if it's correct. 6. If you need to resubmit a file, you can click on the Edit Submission button. Note: You will need to delete any existing files. 7. The assessment 2 session commences at the time indicated on the myUnisa platform. You are required to adhere strictly to the specified times. NOTE: You must successfully submit your single PDF file before the submission cut-off time. Please do not wait until the last minute to submit, instead, submit your file as soon as possible before duration of the assessment has passed. If you do not successfully submit before the cut-off time you will be marked as absent from the assessment. April 2026 online assessment rules Assessment sessions commence at the time indicated on the study programme. You are required to adhere strictly to the specified times. For file upload/take-home assessment: 1. Students must upload their answer scripts in a single PDF file on the official myUnisa platform (answer scripts must not be password-protected or uploaded as “read-only” files). 2. NO e-mailed scripts will be accepted. 3. Only students that have approval from Lecturers to write this assessment 6 will be marked. 4. Students are advised to review submissions (answer scripts) to ensure legibility and that the correct answer script file has been uploaded. 5. Students are permitted to resubmit their answer scripts should their initial submission be unsatisfactory. 6. Incorrect file format and uncollated answer scripts will not be considered. 7. Incorrect answer scripts and/or submissions made on unofficial platforms will not be marked. 8. A mark awarded for an incomplete submission will be the student’s final mark. MAC2601 APRIL 2026 9. A mark awarded for illegible scanned submission will be the student’s final mark. No opportunity for resubmission will be granted. 10. Only the last file uploaded and submitted will be marked. 11. Submissions will only be accepted from registered student accounts. 12. Non-adherence to the processes for uploading assessment responses will not qualify the student for any special concessions or future assessments. 13. Queries that are beyond Unisa’s control include the following: a. Personal network or service provider issues. b. Load shedding/limited space on personal computer. c. Crashed computer. d. Using work on computers that block access to myUnisa site (work firewall challenges) e. Unlicensed software (eg license expires during myUnisa) [CONFIDENTIAL] Page 3 of 15 [TURN OVER] PLAGIARISM MAC2601 APRIL 2026 We do not allow any group work in this module. Students may not work together on their assessment at all and no one may assist you with any of your MAC2601 assessment. If the lecturers find that your assessment is like the assessment of another student, you will get 0% for your assessment. It is unacceptable that anyone, including an external institution, helps you with the assessment. By submitting any MAC2601 assessment, you automatically declare (see Plagiarism Declaration below) that you have done and submitted your own work and that you are aware of the potential consequences of plagiarism. Plagiarism is the act of taking the words, ideas and thoughts of others and passing them off as your own. It is a form of theft and involves several dishonest academic activities. All students receive access to the Disciplinary code for students (latest version) at registration. Please study the code. You must read Unisa's Policy on copyright infringement and plagiarism. Plagiarism declaration for all MAC2601 assessment PLAGIARISM DECLARATION I declare that this assessment is my own work. By submitting any MAC2601 assessment, I also declare that: I have read the Unisa Students' Disciplinary Code. I know what plagiarism is, that plagiarism is wrong and that disciplinary steps can be taken against me if it appears that I plagiarised. I have not allowed any other student to copy my work and have not copied from the work of anyone else (including, but not limited to, other students and institutions). I have not received any assistance with the assessment. I have not worked on the assessment in a group. For the written assessment, I have referenced all the sources that I have used. I know that if I am deemed to violate this declaration, I will receive 0% for the assessment involved. Please note: You do not have to submit the declaration. By submitting a MAC2601 assessment, you automatically declare that you adhere to all the above about the assessment. Page 4 of 15 [CONFIDENTIAL] [TURN OVER] QUESTION 1 (24 MARKS) MAC2601 APRIL 2026 Rirhi (Pty) Ltd (“Rirhi”) makes and sells luxury blankets. The company was established in 2015 by Rirhandzu Nkhwashu in Giyani in the Limpopo province. The company has grown rapidly and has opened branches in other provinces. Budgeted information The budgeted selling price and costs per blanket (“unit”) for the year ended 31 December 2025 were as follows: R Selling price per unit……………………………………………………. 400 Variable costs per unit: Direct materials…………………………………………………………. 120 Direct labour……………………………………………………………… 80 Variable manufacturing overheads…………………………………….. 60 Variable selling and administrative expenses………………………… 25  The company budgeted to sell 20 000 blankets, and the budgeted fixed selling and administration costs were budgeted as R500 000.  Variable manufacturing overheads vary with the number of units produced.  The budgeted fixed manufacturing overheads amounted to R2 000 000.  Opening and closing inventory units were both budgeted to be 0 (nil) units. Actual information for the year ended 31 December 2025 were as follows:  The actual selling price and variable cost per unit were as budgeted for the 2025 financial year. Actual variable manufacturing costs per unit did not change from the 2024 to the 2025 financial year.  The predetermined fixed manufacturing overhead allocation rate of the 2025 financial year is the same as the predetermined fixed manufacturing overhead allocation rate that was applicable in the 2024 financial year.  The company had 5 000 blankets in inventory at the beginning of the year.  During the year, 19 000 blankets were produced.  On 31 December 2025, the company had 2 000 blankets on hand.  Actual fixed selling and administration costs were as budgeted.  Actual fixed manufacturing overheads amounted to R1 800 000. Additional information: The company uses the first-in-first-out (FIFO) method for inventory valuation. Fixed manufacturing overheads are apportioned to blankets based on the number of production units. Page 5 of 15 [CONFIDENTIAL] [TURN OVER] REQUIRED MAC2601 APRIL 2026 Marks Round to the nearest Rand throughout your calculations. (a) Prepare the actual income statement (Statement of Profit or Loss) for the year ended 31 December 2025 according to the following: i) Direct costing method ii) Absorption costing method (9) (10) (b) (c) Reconcile the differences between the net profits calculated in (a) above. Explain the reason why Rirhi’s net profit according to the direct costing method differs from its net profit according to the absorption costing method for the 2025 financial year. (3) (2) TOTAL: [24] QUESTION 2 (10 MARKS) Dee (Pty) Ltd is an engineering company based in Orlando West, Soweto. The company was established by Dieketseng Moreki in 2024 after she graduated with an engineering degree from the University of South Africa. The company has three production departments: Machining, Assembly and Finishing, and two service departments: Stores and Maintenance. The company has commenced the preparation of its production overhead cost budget for the 2027 financial year, and you have been provided with the following budgeted overhead cost information that was arrived at by means of primary allocation using the step method: Machining R Assembly 6 000 000 2 500 000 Finishing Stores 1 500 000 1 000 000 Maintenance 800 000 Total budgeted overhead costs The Stores and Maintenance departments provide services to the production departments and each other. The store department need to be apportioned first in the secondary allocation. An analysis of services they provide indicate that their costs should be apportioned as follows: Machining Assembly Finishing Stores Stores 40% 30% 20% - Maintenance Maintenance 55% 10% 20% 20% Page 6 of 15 5% - [CONFIDENTIAL] [TURN OVER] REQUIRED MAC2601 APRIL 2026 Round to the nearest Rand throughout your calculations. (a) Calculate the total budgeted overheads apportioned to each production department for the 2027 financial year, using the step method. TOTAL: (10) [10] QUESTION 3 (29 MARKS) COMPANY BACKGROUND Dani’s Deli (Pty) Ltd (“Dani’s”) prepares and sells various speciality ready-made meals and takeaways to food stores and the public. The food is prepared (“produced”) in various kitchens and other facilities. For instance, there is a Seafood Kitchen in which owner Dani manages the production of food containing fish or other seafood. The Seafood Kitchen produces three different product types, the Fish Burger Meal (“FB”), the Seafood Mini-Platter Meal (“SMP”) and the Hake and Salad Meal (“HSM”). The picture on the left is for illustrative purposes only. The picture is a photo of a meal that is representative of what Dani’s Fish Burger Meals looks like before final packaging. (Source: Microsoft 365 stock images.) PART A – Activity-based costing (ABC) Please note: The company background applies to part A as well as part B, but otherwise Part A and Part B are independent of one another. Dani’s has a 31 January year-end and uses activity-based costing (“ABC”) to allocate fixed manufacturing overheads to products as part of its absorption costing system. The company management accountant is currently allocating the Seafood Kitchen’s budgeted fixed manufacturing overheads for the 2027 financial year (totalling R1 490 095) to the three different product types prepared in the Seafood Kitchen as part of calculating the budgeted total production cost per unit (meal) of each product type. Budgeted production for the 2027 financial year is as follows: FB SMP Budgeted production in units (number of meals produced) 42 000 18 000 HSM 32 500 Page 7 of 15 [CONFIDENTIAL] [TURN OVER] MAC2601 APRIL 2026 Other budgeted information for or related to the correctly identified activities and the related fixed manufacturing overhead costs of the Seafood Kitchen is as follows: Activity Costs included in cost pool Cost in Rand Overseeing food preparation (“Overseeing”) Chef in charge salary 480 000 Note Cost driver 1. Chef in charge % of time spent Cleaning the kitchen (“Cleaning”) Kitchen cleaning costs 361 375 2. Number of cleaning sessions Receiving fresh seafood ingredients (“Receiving”) Total cost of meeting the supplier, handling the ingredients when delivered and storing them appropriately for later use 224 400 3. Number of purchase orders Setting up the kitchen and its facilities (“Setting up”) Rental and maintenance cost of kitchen and its facilities 424 320 4. Square metres (m2) of kitchen space (size) Notes: 1. In the Seafood Kitchen, cooking, chopping, slicing, frying, mixing and related work (as applicable to the specific product type) are done by various direct labourers. The Seafood Kitchen has a chef in charge of the kitchen, who spends all her time overseeing the direct labourers’ work in the Seafood Kitchen. The overseeing includes performing supervision tasks and doing quality control of meals. The full chef in charge salary is an indirect labour cost. It is estimated that the chef in charge spends 65% of her time on the SMP product type, as this product’s preparation is more complicated and needs more overseeing than that of the other two product types. Also, she is estimated to spend 15% of her time on the FB product type. The remainder of her time (time not spent on SMP or FB) is expected to be spent on the HSM product type. 2. One cleaning session takes place after each batch of food production. Each batch will be 12 units of FB, 8 units of SMP or 20 units of HSM (these are the batch sizes in units per product type). 3. The number of purchase orders for the 2027 financial year is expected to be 120 for FB, 360 for SMP and 180 for HSM. 4. The production of FB takes up a larger portion of the kitchen space as this product needs more space for chopping of ingredients to take place. Half of the kitchen space (size) can generally be assigned to production of the FB product type, whereas the other half is split evenly between production of the SMP and HSM product types. This will result in HSM being assigned 16 m2 of the total kitchen space of 64 m2. [CONFIDENTIAL] Page 8 of 15 [TURN OVER] MAC2601 APRIL 2026 PART B – Ethical obligations of management accountants; Accounting for materials Please note: The company background applies to part A as well as part B, but otherwise Part A and Part B are independent of one another.