mac2601_assignment_2_semester_1_en_2

Calculate total actual material costs, including total ordering and total carrying costs for the 2021 at EOQ.Calculate total labour costs.Determine the manufacturing overhead recovery rates for both Division Apple and Division Banana.What are the reconciling items between variable costing and absorption costing systems?Draft the actual statement of Profit or Loss for the month ended 30 April 2021 according to the direct costing methodPrepare the cash budget for the months of August and September 2021 for Nekoachemo Ltd.Calculate the total over/under-applied overheads (all cakes) for December 2020, state whether it is over-applied or under-applied and prepare a journal entry showing how the over/under-application will be recorded in Sweets Cake’s books at the end of the 31 December 2020Prepare the following general ledger accounts of Sweets Cakes (Pty) Ltd for the month of December 2020 (also balance the accounts): i. Materials control account.Work-in-progress control accountCalculate the profit/(loss) that Sweets Cakes made on Cake for RosinaDifferentiate between Job costing and Process costing.Calculate the budgeted profit or loss for Pine cleaner and Citrus cleaner if the current intention is proceeded with and joint costs are apportioned using the NRV at split-off point method.Calculate the budgeted total costs associated with Hand soap if the alternative strategy is used and the NRV at split-off point is still used to allocate joint costsList three characteristics of a by-productCalculate the following i. The actual selling price per unit.The actual price per kilogram of materialsThe total actual direct material costsThe actual direct labour hoursThe actual direct labour costsThe actual variable manufacturing overheadsThe actual fixed manufacturing overheads.Relevant costing PART A a) Using relevant costing principles, calculate a Project cost schedule for Project Phila. You should also provide reasons for inclusion or exclusion of each cost item.Calculate the optimal production mix of Kako-lako (Pty) Ltd’s three products for the six- month’s period from May 2021. Round to two decimals throughout your calculationPrepare Kako-lako’s budgeted quantity statement for January 2021ACTIVITY-BASED COSTING a) Using activity-based costing (ABC), calculate the budgeted total fixed manufacturing overheads of Multigrain.Briefly explain why ABC lead to a more accurate allocation of overheads than traditional costing (assuming that the environment is appropriate for ABC).COST-VOLUME-PROFIT ANALYSIS AND ETHICS a) Calculate the following: i. Number of tickets that Smart Travel must sell per month to break-even.The number of tickets that Smart Travel must sell to make a profit of R45000 per monthThe margin of safety ratio if Smart Travel sells 300 tickets per monthIdentify and discuss two ethical concerns and/or other qualitative factors that may have an adverse effect on the business and/or reputation of Smart Travel