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Mac3701 assignment answers
Do not plagiarise
Please read every question
attentively since the questions
are mixed up , solutions are
provided
Good luck 90% pass rate
Use the following information to answer this question: Venus (Pty) Limited (“Venus”) manufactures two
products namely V-Chair and V-Table. Venus uses an absorption costing system and allocates fixed
manufacturing overheads (FMO) using an activity-based costing (“ABC”) system. The identified main
activities are as follows testing; adding glue and nails; and the factory rental. The total budgeted FMO
for 2023 amounts to R720 000. Of the total FMO budget, R300 000 relates to testing activities, R230 000
relates to adding glue and nails activities and the remainder relates to the rent of the productive factory
floor space. The factory floor space measures 5 000m2, 4% of which relates to the common space made
up of the kitchen, reception, and break-out area. Venus expects to utilise 3 000m2 of the productive
factory floor space for V-Chair while the remainder will be used for the productive factory floor space of
V-Table and the common areas. Venus budgeted to produce 20 000 V-Chair units and 15 000 V-Table
Mac3701 assignment answers
Do not plagiarise
Please read every question
attentively since the questions
are mixed up , solutions are
provided
Good luck 90% pass rate
Use the following information to answer this question: Venus (Pty) Limited (“Venus”) manufactures two
products namely V-Chair and V-Table. Venus uses an absorption costing system and allocates fixed
manufacturing overheads (FMO) using an activity-based costing (“ABC”) system. The identified main
activities are as follows testing; adding glue and nails; and the factory rental. The total budgeted FMO
for 2023 amounts to R720 000. Of the total FMO budget, R300 000 relates to testing activities, R230 000
relates to adding glue and nails activities and the remainder relates to the rent of the productive factory
floor space. The factory floor space measures 5 000m2, 4% of which relates to the common space made
up of the kitchen, reception, and break-out area. Venus expects to utilise 3 000m2 of the productive
factory floor space for V-Chair while the remainder will be used for the productive factory floor space of
V-Table and the common areas. Venus budgeted to produce 20 000 V-Chair units and 15 000 V-Table
