MAC2601 ASSESSMENT 5 - MAY 2023 - Solution
QUESTION 1
MCQs
1. B
2. A
3. B
4. A
5. A
Cost per unit (change)
= (Y1 -Y2) / (X1 -X2)
= (R150 000 – R50 000) / (100 000– 20 000)
= R1,25
6. D
7. D
8. A
9. A
10. C
Question 2
1. Averaged/Average
2. Physical
3. Risk
4. (SP x 900) – (R350 x 900) = R36 000
900SP -315 000 = R36 000
SP = R390
5. Evenly/ uniformly
6. Production/Manufacturing overheads (Clearance)
7. Alternatives/ options
8. Sunk (cost)
9. Normal
10. Budgeted
QUESTION 3
Details Calculations June July August
R R R
Receipts:
Sales/Receipts 1 057 500 815 800 954 175
Cash C1 900 000 656 000 765 000
Credit C1 157 500 159 800 189 175
Payments:
, Purchases C2 -712 500 -783 750 -862 125
Manufacturing June: 102 500 -62 500 -112 750 -124 025
overheads – 40 000
Selling expenses -26 250 -28 875 -31 763
Selling of a machine 35 000
Tax liability -78000
Opening balance 125 000 416 250 306 675
Closing balance 416 250 306 675 164 937
Calculations
1. Sales
Cash (80%) Credit 20%
June:1 125 000 900 000 225 000
July: 820 000 656 000 164 000
August: 956 250 765 000 191 250
Collection for credit sales
June July August
R R R
June sale -
R225 000 70% (June) 157 500
20% (July) 45 000
10% (August) 22 500
July sale- R164
000 70% (July) 114 800
20% (August) 32 800
August sale-
R191 250 70% (August) 133 875
Total 157 500 159 800 189 175
2. Purchases
June: R235 000 + R375 000 + R102 500= R712 500
July: R712 500 x 1.1 = R783 750
August: R783 750 x 1.1 = R862 125
QUESTION 1
MCQs
1. B
2. A
3. B
4. A
5. A
Cost per unit (change)
= (Y1 -Y2) / (X1 -X2)
= (R150 000 – R50 000) / (100 000– 20 000)
= R1,25
6. D
7. D
8. A
9. A
10. C
Question 2
1. Averaged/Average
2. Physical
3. Risk
4. (SP x 900) – (R350 x 900) = R36 000
900SP -315 000 = R36 000
SP = R390
5. Evenly/ uniformly
6. Production/Manufacturing overheads (Clearance)
7. Alternatives/ options
8. Sunk (cost)
9. Normal
10. Budgeted
QUESTION 3
Details Calculations June July August
R R R
Receipts:
Sales/Receipts 1 057 500 815 800 954 175
Cash C1 900 000 656 000 765 000
Credit C1 157 500 159 800 189 175
Payments:
, Purchases C2 -712 500 -783 750 -862 125
Manufacturing June: 102 500 -62 500 -112 750 -124 025
overheads – 40 000
Selling expenses -26 250 -28 875 -31 763
Selling of a machine 35 000
Tax liability -78000
Opening balance 125 000 416 250 306 675
Closing balance 416 250 306 675 164 937
Calculations
1. Sales
Cash (80%) Credit 20%
June:1 125 000 900 000 225 000
July: 820 000 656 000 164 000
August: 956 250 765 000 191 250
Collection for credit sales
June July August
R R R
June sale -
R225 000 70% (June) 157 500
20% (July) 45 000
10% (August) 22 500
July sale- R164
000 70% (July) 114 800
20% (August) 32 800
August sale-
R191 250 70% (August) 133 875
Total 157 500 159 800 189 175
2. Purchases
June: R235 000 + R375 000 + R102 500= R712 500
July: R712 500 x 1.1 = R783 750
August: R783 750 x 1.1 = R862 125
