MAC2601
EXAM PACK
,UNIVERSITY EXAMINATIONS
May/June 2022
MAC2601
Principles of Management Accounting
100 Marks
Duration 2 Hours
This paper consists of ten (10) pages (including this page).
Instructions:
1. This paper consists of FOUR (4) questions and all four questions must be answered.
2. Each question attempted, must commence on a new (separate) page.
3. You may answer the questions in any order, but each answer must be numbered the
same as the corresponding question.
4. For questions 2 – 4, all calculations must be shown.
5. Ignore taxation and the time value of money.
6. Please ensure that you have carefully read and follow all the exam instructions and the
MAC2601 guide provided as a link to your examination timetable on myUnisa.
7. Your complete answer script must be submitted as a single pdf file.
8. Do not password-protect your answer script.
9. After the two (2) hour duration, there are 60 minutes of upload time available. However,
please do not wait until the last minute to submit, instead submit your file as soon as the
two (2) hours duration of the examination have passed. If you do not successfully submit
before the cut-off time you will be marked as absent from the examination.
10. Make sure you submit the correct file.
11. All answer files may only be submitted via the official route (on the myUnisa platform as
per the instructions) within the allocated time. According to the university rules and
regulations, strictly, NO OTHER SUBMISSION METHOD IS ALLOWED.
12. Keep the Invigilator app open on your cell phone during the assessment. You are not
allowed to leave or minimise the application.
13. This is a closed-book examination; hence, you may not refer to any of your study material,
notes, the internet, etc. during the examination.
PROPOSED TIMETABLE:
Time in
Question Topics Marks
minutes
1 Multiple-Choice Questions (MCQ) (various topics) 20 24
2 Direct and Absorption Costing 24 29
3 Relevant costing, Cost-Profit-Analysis and Ethics 30 36
4 Joint and by-product, Standard and Process Costing 26 31
100 120
, MAC2601
May/June 2022
Question 1 (20 marks) (24 minutes)
THIS QUESTION CONSISTS OF TEN (10) MULTIPLE-CHOICE QUESTIONS OF
TWO (2) MARKS PER QUESTION. FOR EACH QUESTION, SIMPLY WRITE DOWN
THE NUMBER OF THE QUESTION TOGETHER WITH THE CORRECT OPTION (a,
b, c OR d) IN YOUR ANSWER SCRIPT.
Use the information below to answer question 1 and 2:
Nkosana (Pty) Ltd incurred the costs as indicated below for the six months ended
30 June.
Month Units manufactured Total cost (R)
January 147 2 970
February 150 3 000
March 158 3 105
April 143 2 925
May 156 3 060
June 151 ?
There were no price increases during the past six months and no price increases are
foreseen in the short term.
1. What is the estimated total fixed costs per month?
(a) R1 716
(b) R1 896
(c) R1 209
(d) R1 979
2. The estimated total cost for the month of June is …
(a) R2 926
(b) R3 021
(c) R3 105
(d) R3 340
CONFIDENTIAL [TURN OVER]
, MAC2601
May/June 2022
3. Which element from the ones given below will not affect the break-even point?
(a) Selling price per unit
(b) Variable cost per unit
(c) Total fixed cost
(d) Number of units sold
4. What is the appropriate journal entry when R350 000 of direct raw materials are
purchased on a cash basis?
(a) Dr. Raw Material Control R350 000; Cr. Bank R350 000
(b) Dr. Consumer Inventory Control R350 000; Cr. Accounts Payable R350 000
(c) Dr. Work-in-progress Control; Cr. Bank R 350 000
(d) Dr. Production Overheads Control R 350 000; Cr. Accounts Payable R350 000
5. The general term that refers to any group or individual who can affect, or is affected
by, an organisation’s activities is …
(a) stakeholders.
(b) pressure groups.
(c) trade unions.
(d) shareholders.
6. The most relevant use of the clock card is to …
(a) allow calculation of bonus payment.
(b) facilitate payment for time spent on the work premises.
(c) allow labour time to be charged to the right job.
(d) measure employee efficiency.
7. Product costs appear on the statement of financial position …
(a) only if goods are fully completed at the end of the period.
(b) only if goods are partially completed at the end of the period.
(c) if goods are partially or fully completed at the end of the period.
(d) if goods are partially or fully completed and unsold at the end of the period.
CONFIDENTIAL [TURN OVER]
EXAM PACK
,UNIVERSITY EXAMINATIONS
May/June 2022
MAC2601
Principles of Management Accounting
100 Marks
Duration 2 Hours
This paper consists of ten (10) pages (including this page).
Instructions:
1. This paper consists of FOUR (4) questions and all four questions must be answered.
2. Each question attempted, must commence on a new (separate) page.
3. You may answer the questions in any order, but each answer must be numbered the
same as the corresponding question.
4. For questions 2 – 4, all calculations must be shown.
5. Ignore taxation and the time value of money.
6. Please ensure that you have carefully read and follow all the exam instructions and the
MAC2601 guide provided as a link to your examination timetable on myUnisa.
7. Your complete answer script must be submitted as a single pdf file.
8. Do not password-protect your answer script.
9. After the two (2) hour duration, there are 60 minutes of upload time available. However,
please do not wait until the last minute to submit, instead submit your file as soon as the
two (2) hours duration of the examination have passed. If you do not successfully submit
before the cut-off time you will be marked as absent from the examination.
10. Make sure you submit the correct file.
11. All answer files may only be submitted via the official route (on the myUnisa platform as
per the instructions) within the allocated time. According to the university rules and
regulations, strictly, NO OTHER SUBMISSION METHOD IS ALLOWED.
12. Keep the Invigilator app open on your cell phone during the assessment. You are not
allowed to leave or minimise the application.
13. This is a closed-book examination; hence, you may not refer to any of your study material,
notes, the internet, etc. during the examination.
PROPOSED TIMETABLE:
Time in
Question Topics Marks
minutes
1 Multiple-Choice Questions (MCQ) (various topics) 20 24
2 Direct and Absorption Costing 24 29
3 Relevant costing, Cost-Profit-Analysis and Ethics 30 36
4 Joint and by-product, Standard and Process Costing 26 31
100 120
, MAC2601
May/June 2022
Question 1 (20 marks) (24 minutes)
THIS QUESTION CONSISTS OF TEN (10) MULTIPLE-CHOICE QUESTIONS OF
TWO (2) MARKS PER QUESTION. FOR EACH QUESTION, SIMPLY WRITE DOWN
THE NUMBER OF THE QUESTION TOGETHER WITH THE CORRECT OPTION (a,
b, c OR d) IN YOUR ANSWER SCRIPT.
Use the information below to answer question 1 and 2:
Nkosana (Pty) Ltd incurred the costs as indicated below for the six months ended
30 June.
Month Units manufactured Total cost (R)
January 147 2 970
February 150 3 000
March 158 3 105
April 143 2 925
May 156 3 060
June 151 ?
There were no price increases during the past six months and no price increases are
foreseen in the short term.
1. What is the estimated total fixed costs per month?
(a) R1 716
(b) R1 896
(c) R1 209
(d) R1 979
2. The estimated total cost for the month of June is …
(a) R2 926
(b) R3 021
(c) R3 105
(d) R3 340
CONFIDENTIAL [TURN OVER]
, MAC2601
May/June 2022
3. Which element from the ones given below will not affect the break-even point?
(a) Selling price per unit
(b) Variable cost per unit
(c) Total fixed cost
(d) Number of units sold
4. What is the appropriate journal entry when R350 000 of direct raw materials are
purchased on a cash basis?
(a) Dr. Raw Material Control R350 000; Cr. Bank R350 000
(b) Dr. Consumer Inventory Control R350 000; Cr. Accounts Payable R350 000
(c) Dr. Work-in-progress Control; Cr. Bank R 350 000
(d) Dr. Production Overheads Control R 350 000; Cr. Accounts Payable R350 000
5. The general term that refers to any group or individual who can affect, or is affected
by, an organisation’s activities is …
(a) stakeholders.
(b) pressure groups.
(c) trade unions.
(d) shareholders.
6. The most relevant use of the clock card is to …
(a) allow calculation of bonus payment.
(b) facilitate payment for time spent on the work premises.
(c) allow labour time to be charged to the right job.
(d) measure employee efficiency.
7. Product costs appear on the statement of financial position …
(a) only if goods are fully completed at the end of the period.
(b) only if goods are partially completed at the end of the period.
(c) if goods are partially or fully completed at the end of the period.
(d) if goods are partially or fully completed and unsold at the end of the period.
CONFIDENTIAL [TURN OVER]
