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  • University Of South Africa (Unisa)
  • Principles of Management Accounting (MAC2601)
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Mac2601 Assignment 3 Sem 2 Of 2026 Expected Questions And Answers

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Principles of Management Accounting (MAC2601)
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THIS DOCUMENT CONTAINS MAC2601 ASSIGNMENT 3 SEM 2 OF 2026 EXPECTED QUESTIONS AND ANSWERS. USE IT CORRECTLY AS A GUIDE TO OBAIN ABOVE 80%

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SOLUTIONS




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QUESTION 1

Workings:

Variable Manufacturing Overhead (VMO) per unit:

, Using High-Low Method from actuals:


VMO per unit = (R1,000,000 - R800,000) / (25,000 - 15,000 units) = R200,000
/ 10,000 units = R20 per unit.


Budgeted Fixed Manufacturing Overhead (FMO):

Total FMO = Total Overhead - Variable Overhead

Total FMO = R1,000,000 - (25,000 units × R20) = R500,000.

Predetermined FMO Rate (Absorption Costing):

R500,,000 budgeted production units = R25 per unit.

Actual Selling Price: R280 + (R280 × 25%) = R350.

Actual Sales Units: 20,000 budgeted - 2,000 = 18,000 units.

Actual Closing Inventory: 20,000 produced - 18,000 sold = 2,000 units.


Under/Over-applied FMO: Actual FMO (R700,000) - Applied FMO (20,000
units × R25 = R500,000) = R200,000 Under-applied.


(a) (i) Actual Income Statement (Absorption Costing Method)

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