MAC2601 OCT –NOV EXAM 2025 DATE: 8 November 2025 REVISION FOR SUPPLEMETARY QUESTION 1 (38 MARKS) (46 MINUTES)

HOPEACADEMY




MAC2601
OCT-NOV EXAM 2025
REVISION FOR SUPPLEMETARY




2025

REQUIRED

Round to the nearest Rand throughout your calculations.

(a) Prepare the Actual Statement of Comprehensive Income of Bright

Colours (Pty) Ltd for the year ended 31 December 2024 using direct

costing principles.



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, MAC2601 OCT –NOV EXAM 2025

DATE: 8 November 2025

REVISION FOR SUPPLEMETARY



QUESTION 1 (38 MARKS) (46 MINUTES)

1. Sales Revenue

20-litre containers sold: 6,000 L ÷ 20 L = 300 units → 300 units × R850 = R255,000

5-litre containers sold: 600 L ÷ 5 L = 120 units → 120 units × R300 = R36,000

Total Sales Revenue = R255,000 + R36,000 = R291,000



2. Variable Costs

a) Raw Materials

Given: R105,000 for 7,000 litres → Per litre = R105,000 ÷ 7,000 = R15/litre → For 6,600
litres sold = 6,600 × R15 = R99,000

b) Direct Labour (Mixing)

Non-supervising employees:

Workdays/year = (52 − 3) weeks × 2 days/week = 49 × 2 = 98 days

Normal pay = 98 days × R250 × 2 workers = R49,000

Overtime = 4 days × R250 × 2 × 2 workers = R4,000

Total = R49,000 + R4,000 = R53,000

Supervisor’s salary (fixed) = excluded under direct costing