SOLUTIONS AND
QUESTION
PAPERS, LATEST
UPDATE
University of South Africa (UNISA)
,MAC3701: APPLICATION OF MANAGEMENT
ACCOUNTING TECHNIQUES
COMPREHENSIVE EXAM SOLUTIONS AND QUESTION
PAPERS
2025/2026 UPDATED EDITION
University of South Africa (UNISA)
TABLE OF CONTENTS
Section Description Page
1 Multiple Choice Question Bank 1
2 May/June 2025 Exam – Part E Solution (EOQ Analysis) 8
3 2025 Exam Pack Sample Questions 10
4 Assignment 1 Solutions (Semester 2, 2025) 14
5 Assignment 2 Solutions (Semester 1, 2025) 18
6 Joint Cost Allocation Problem 22
7 Performance Measurement: Transfer Pricing 25
8 Variance Analysis Problems 28
, Section Description Page
9 Key Formulae and Concepts 31
SECTION 1: MULTIPLE CHOICE QUESTION BANK
Topic: Management Accounting Fundamentals
Question 1
What is the primary purpose of management accounting?
A) To prepare financial statements for external stakeholders
B) To provide relevant information for internal decision-making and control
C) To comply with tax regulations
D) To assess market conditions
Answer: B
Explanation: Management accounting focuses on providing information useful for
internal management decision-making, unlike financial accounting which targets
external stakeholders .
Question 2
Which of the following best describes variable costs?
A) Costs that remain constant regardless of production levels
B) Costs that change in proportion to the level of activity or production
C) Costs that can be directly traced to a specific product
D) Fixed costs that become variable over time
Answer: B