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MAC2601 EXAM PACK (INCLUDING MAY JUNE 2020 MEMO'S)

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Institution University Of South Africa (Unisa)
Course MAC2601 - Principles of Management Accounting (MAC2601)
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MAC2601 EXAM PACK (INCLUDING MAY JUNE 2020 MEMO'S)

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MAC2601: PRINCIPLES OF MANAGEMENT
ACCOUNTING
MAY/JUNE 2020 EXAM MEMO
FOR ASSISTANCE CONTACT RALPH
0680779615

, Mac2601 may /june

First paper

Q1 absorption costing

Sales (162*105 000) 17010 000
Cost of sales (13942011)
Opening inventory (10 000*146,22) 1462 200
Direct materials (30 *98000) 2940 000
Direct labour (38*98000) 3724 000
Man overheads (50 *98000) 4900 000
Fixed man overheads(5.50*98000) 539 000
Closing inventory(3000*13565200/108000) (376811)
Gross profit 3067989
Other costs (1287 000)
Selling costs (12*105 000) 1260 000
Admin costs ( 27 000
Net profit 1780989


b)reconciliation of profits

profit under absorption costing method 1780989

c)under /over absorption

applied fixed man overheads (5.50*90 000) 495 000

actual fixed man overheads ( 560 000)

under absorption 65 000



Q2

Total machine hours used =100*550+150*800

=175000hrs

Number of set ups =150

Adventure =550/5=110

Power=800/20= 40

Number of inspections =1100*10+40*40

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