MAC2601
Assignment 1 Semester 1 2026
Detailed Solutions, References & Explanations
Unique number:
Due Date: 27 March 2026
Terms of use
+27 81 278 3372 By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
,3/23/26, 1:24 PM
Started on Monday, 23 March
2026, 12:34 PM
State Finished
Completed on Monday, 23 March
2026, 1:19 PM
Time taken 45 mins 28 secs
Question 1
Correct
Marked out of 1.00
An overtime premium is the …
a. additional amount paid over and above the normal hourly rate for hours worked in excess of the
basic work week.
b. additional amount paid for hours worked in excess of the basic work week.
c. additional amount paid over and above the overtime rate for hours worked in excess of the basic
work week.
d. overtime rate.
Question 2
Correct
Marked out of 1.00
The labour turnover rate is best described as the …
a. number of employees recruited each month.
b. degree of mobility of employees from one department to another department.
c. total number of employees replaced divided by the average number of employees on the payroll.
d. number of employees who successfully completed the required job training programme.
, 3/23/26, 1:24 PM
Question 3
Correct
Marked out of 1.00
A manufacturing company uses direct labour cost as a basis for determining its predetermined overhead
recovery rate. In calculating the predetermined overhead recovery rate for the past year, the company
misclassified a portion of direct labour cost as indirect labour cost. This misclassification will …
a. overstate the predetermined overhead recovery rate.
b. understate the predetermined overhead recovery rate.
c. have no effect on the predetermined overhead recovery rate
d. It is impossible to tell if there will be any effect, based on the information provided.
Question 4
Correct
Marked out of 1.00
The actual production overhead costs for the month were less that the applied overheads. The accurate
treatment of the over/under-recovery of overheads is journalised as …
a. Dr Production Overheads Clearance; Cr Cost of Sales.
b. Dr Production Overhead Clearance; Cr Work-in-Progress.
c. Dr Cost of Sales; Cr Production Overhead Clearance.
d. Dr Work-in-Progress; Cr Finished Goods Inventory.
Question 5
Correct
Marked out of 1.00
In describing the linear cost function, y = a + bx, it is correct to say …
a. y is the independent variable.
b. a is the variable cost per unit.
c. b equals the change in cost divided by the change in output.
d. a and b are both constant at all levels of output.
Assignment 1 Semester 1 2026
Detailed Solutions, References & Explanations
Unique number:
Due Date: 27 March 2026
Terms of use
+27 81 278 3372 By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
,3/23/26, 1:24 PM
Started on Monday, 23 March
2026, 12:34 PM
State Finished
Completed on Monday, 23 March
2026, 1:19 PM
Time taken 45 mins 28 secs
Question 1
Correct
Marked out of 1.00
An overtime premium is the …
a. additional amount paid over and above the normal hourly rate for hours worked in excess of the
basic work week.
b. additional amount paid for hours worked in excess of the basic work week.
c. additional amount paid over and above the overtime rate for hours worked in excess of the basic
work week.
d. overtime rate.
Question 2
Correct
Marked out of 1.00
The labour turnover rate is best described as the …
a. number of employees recruited each month.
b. degree of mobility of employees from one department to another department.
c. total number of employees replaced divided by the average number of employees on the payroll.
d. number of employees who successfully completed the required job training programme.
, 3/23/26, 1:24 PM
Question 3
Correct
Marked out of 1.00
A manufacturing company uses direct labour cost as a basis for determining its predetermined overhead
recovery rate. In calculating the predetermined overhead recovery rate for the past year, the company
misclassified a portion of direct labour cost as indirect labour cost. This misclassification will …
a. overstate the predetermined overhead recovery rate.
b. understate the predetermined overhead recovery rate.
c. have no effect on the predetermined overhead recovery rate
d. It is impossible to tell if there will be any effect, based on the information provided.
Question 4
Correct
Marked out of 1.00
The actual production overhead costs for the month were less that the applied overheads. The accurate
treatment of the over/under-recovery of overheads is journalised as …
a. Dr Production Overheads Clearance; Cr Cost of Sales.
b. Dr Production Overhead Clearance; Cr Work-in-Progress.
c. Dr Cost of Sales; Cr Production Overhead Clearance.
d. Dr Work-in-Progress; Cr Finished Goods Inventory.
Question 5
Correct
Marked out of 1.00
In describing the linear cost function, y = a + bx, it is correct to say …
a. y is the independent variable.
b. a is the variable cost per unit.
c. b equals the change in cost divided by the change in output.
d. a and b are both constant at all levels of output.
