MAC2601
Assignment 3 Semester 2 2026
Unique number:
Due date: 15 September 2026
QUESTION 1
(a) Actual Statement of Profit or Loss for the year ended 31 December 2025
Working: manufacturing overheads
Detail Calculation Result
Variable manufacturing overhead per unit (R1 000 000 - R800 000) / (25 000 - 15 000) R20
Budgeted fixed manufacturing overhead R800 000 - (15 000 x R20) R500 000
Predetermined fixed manufacturing overhead rate R500 000 units R25 per unit
Variable manufacturing cost per unit R80 + R60 + R20 R160
Absorption manufacturing cost per unit R160 + R25 R185
Actual selling price R280 x 125% R350
Actual units sold 20 000 - 2 000 18 000 units
Closing finished goods 20 000 produced - 18 000 sold 2 000 units
, QUESTION 1
(a) Actual Statement of Profit or Loss for the year ended 31 December 2025
Working: manufacturing overheads
Detail Calculation Result
Variable manufacturing overhead per unit (R1 000 000 - R800 000) / (25 000 - 15 000) R20
Budgeted fixed manufacturing overhead R800 000 - (15 000 x R20) R500 000
Predetermined fixed manufacturing overhead rate R500 000 units R25 per unit
Variable manufacturing cost per unit R80 + R60 + R20 R160
Absorption manufacturing cost per unit R160 + R25 R185
Actual selling price R280 x 125% R350
Actual units sold 20 000 - 2 000 18 000 units
Closing finished goods 20 000 produced - 18 000 sold 2 000 units
(i) Absorption costing
Statement of Profit or Loss Calculation R
Sales 18 000 x R350 6 300 000
Cost of sales
Cost of production 20 000 x R185 3 700 000
Less: closing finished goods 2 000 x R185 (370 000)
Cost of sales before overhead adjustment 3 330 000
Add: under-absorbed fixed manufacturing overhead R700 000 - (20 000 x R25) 200 000
Adjusted cost of sales 3 530 000
Gross profit 2 770 000
Variable selling costs 18 000 x R30 (540 000)
Fixed selling costs Given (360 000)
NET PROFIT 1 870 000
Assignment 3 Semester 2 2026
Unique number:
Due date: 15 September 2026
QUESTION 1
(a) Actual Statement of Profit or Loss for the year ended 31 December 2025
Working: manufacturing overheads
Detail Calculation Result
Variable manufacturing overhead per unit (R1 000 000 - R800 000) / (25 000 - 15 000) R20
Budgeted fixed manufacturing overhead R800 000 - (15 000 x R20) R500 000
Predetermined fixed manufacturing overhead rate R500 000 units R25 per unit
Variable manufacturing cost per unit R80 + R60 + R20 R160
Absorption manufacturing cost per unit R160 + R25 R185
Actual selling price R280 x 125% R350
Actual units sold 20 000 - 2 000 18 000 units
Closing finished goods 20 000 produced - 18 000 sold 2 000 units
, QUESTION 1
(a) Actual Statement of Profit or Loss for the year ended 31 December 2025
Working: manufacturing overheads
Detail Calculation Result
Variable manufacturing overhead per unit (R1 000 000 - R800 000) / (25 000 - 15 000) R20
Budgeted fixed manufacturing overhead R800 000 - (15 000 x R20) R500 000
Predetermined fixed manufacturing overhead rate R500 000 units R25 per unit
Variable manufacturing cost per unit R80 + R60 + R20 R160
Absorption manufacturing cost per unit R160 + R25 R185
Actual selling price R280 x 125% R350
Actual units sold 20 000 - 2 000 18 000 units
Closing finished goods 20 000 produced - 18 000 sold 2 000 units
(i) Absorption costing
Statement of Profit or Loss Calculation R
Sales 18 000 x R350 6 300 000
Cost of sales
Cost of production 20 000 x R185 3 700 000
Less: closing finished goods 2 000 x R185 (370 000)
Cost of sales before overhead adjustment 3 330 000
Add: under-absorbed fixed manufacturing overhead R700 000 - (20 000 x R25) 200 000
Adjusted cost of sales 3 530 000
Gross profit 2 770 000
Variable selling costs 18 000 x R30 (540 000)
Fixed selling costs Given (360 000)
NET PROFIT 1 870 000
