MAC2601 Examg
Pack 2023
g
LATEST QUESTIONS A
g g
ND ANSWERS
g
, Stuvia.comg-gThegstudy-
notesgmarketplace
UNIVERSITYgEXAMINATIONS
Jan/Febg 2022
MAC2601
PrinciplesgofgManagementgAccounting
100gMarks
Durationg2g Hours
Thisgpapergconsistsgofgeleveng(11)gpagesg(includinggthisgpage).
Instructions:
1. ThisgpapergconsistsgofgFIVEg(5)gquestionsgandgallgfivegquestionsgmustgbeganswered.
2. Eachgquestiongattempted,gmustgcommencegongagnewg(separate)gpage.
3. Yougmayganswergthegquestionsginganygorder,gbutgeachganswergmustgbegnumberedgex
actlygthegsamegasgthegcorrespondinggquestion.
4. Forgquestionsg2g–g5,gallgcalculationsgmustgbegshown.
5. Ignoregtaxationgandgthegtimegvaluegofgmoney.
6. Pleasegensuregthatgyoughavegcarefullygreadgandgfollowgallgthegexamginstructionsgan
dgthegMAC2601gguidegprovidedgasgaglinkgtogyourgexaminationgtimetablegongmyUni
sa.
7. Yourgcompleteganswergscriptgmustgbegsubmittedgasgagsinglegpdfgfile.
8. Dognotgpassword-protectgyourganswergscript.
9. Aftergthegtwog(2)ghourgduration,gtheregareg60gminutesgofguploadgtimegavailable.gHowe
ver,gpleasegdognotgwaitguntilgtheglastgminutegtogsubmit,ginsteadgsubmitgyourgfilegasgs
oongasgthegtwog(2)ghoursgdurationgofgthegexaminationghavegpassed.gIfgyougdognotgsuc
cessfullygsubmitgbeforegthegcut-
offgtimegyougwillgbegmarkedgasgabsentgfromgthegexamination.
10. Makegsuregyougsubmitgthegcorrectgfile.
11. Allganswergfilesgmaygonlygbegsubmittedgviagthegofficialgrouteg(ongthegmyUnisagplatfor
mgasgperg theg instructions)g withing theg allocatedg time.g Accordingg tog theg universityg
rulesg andgregulations, gstrictly,gNOgOTHERgSUBMISSIONgMETHODgISgALLOWED.
12. YougaregremindedgthatgyougmustgreadgandgadheregtogthegHonestygDeclaration.
13. Thisgisgagclosed-
bookgexamination;ghence,gyougmaygnotgrefergtoganygofgyourgstudygmaterial,gnotes,gtheg
internet,getc.gduringgthegexamination.
PROPOSEDg TIMETABLE:
Timeging
Question Topics Marks
minutes
1 Multiple-Choiceg Questionsg (MCQ)g (variousg topics) 20 24
2 Directg andg Absorptiong Costing 25 30
3 Relevantg costing,g Budgetingg andg Ethics 28 34
4 Activity-basedg Costing 16 19
5 Processg Costing 11 13
100 120
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
, Stuvia.comg-gThegstudy-
notesgmarketplace
MAC2601
January/Februaryg2022
QUESTIONg1g–g(20gMarks)g(24gMinutes)
THISg QUESTIONg CONSISTSg OFg TENg (10)g MULTIPLE-
CHOICEg QUESTIONSg OFgTWOg(2)gMARKSgPERgQUESTION.gFORgEACHgQUESTI
ON,gSIMPLYgWRITEgDOWNgTHEgNUMBERgOFgTHEgQUESTIONgTOGETHERgWIT
HgTHEgCORRECTgOPTIONg(a,gb,gcgORgd)gINgYOURgANSWERgSCRIPT.
Usegtheginformationgprovidedgbelowgtoganswergquestionsg1gtog4:
Mamelodig (Pty)g Ltdg usesg ag perpetualg inventoryg systemg andg appliesg theg weightedg
averagegmethodgforgthegvaluationgofginventory.gThegfollowingginformationgaboutgdirectg
materialsginventorygrelatesgtogthegmonthgendedg31gDecemberg2021:
Date Transaction
03/12/2021 Issuegofg250gunits
08/12/2021
Purchasegofg300gunitsgatgagtotalgcostgofgR33g00
0g15/12/2021 Issuegofg190gunits
16/12/2021
Returnsgfromgfactorygtogstore:g40gexcessgunitsgfromggoodsgissu
edgong15gDecember.gReturnedgunitsgareginggoodgcondition.
21/12/2021
Purchasegofg100gunitsgatgagtotalgcostgofgR9g00
0g25/12/2021 Issuegofg240gunits
Thegopeninggbalancegofgdirectgmaterialsginventorygong1gDecemberg2021gwasg300gunits
gatgagtotalgvaluegofgR31g000.
(Note:gSmallgroundinggdifferencesginginventorygbalancesgmaygbegapplicable.)
1. Thegvaluegofgdirectgmaterialsginventorygaftergthegunitsgpurchasedgong8gDecemb
erg2021gwasg .
(a) R20g900
(b) R38g167
(c) R33g000
(d) R31g000
2. Theg valueg ofg directg materialsg inventoryg afterg theg returnsg ong 16g Decemberg 2021g
wasg .
(a) R17g448
(b) R20g720
(c) R4g362
(d) R21g810
3. Theg valueg ofg directg materialsg inventoryg afterg theg purchaseg ofg 100g unitsg ong
21gDecemberg2021gwasg .
(a) R30g810
(b) R21g810
(c) R27g000
(d) R9g000
CONFIDENTIAL 2gofg11 [TURNgOVER]
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
, Stuvia.comg-gThegstudy-
notesgmarketplace
MAC2601
January/Februaryg2022
4. Thegvaluegofgdirectgmaterialsgclosingginventorygasgatg31gDecemberg2021gamounte
dgtog .
(a) R24g648
(b) R6g162
(c) R5g400
(d) R30g810
Usegtheginformationgprovidedgbelowgtoganswergquestionsg5gandg6:
Metsingg(Pty)gLtdgmanufacturesgandgsellsgonegproduct.gThegfollowinggisgangextractgfro
mgthegbudgetedginformationgforgthegfinancialgyeargendinggong31gDecemberg2022:
Numbergofgunitsgtogbegmanufacturedgandgsold
10g000
gSellinggpricegpergunit R14,00
Variablegsellinggcostgpergunit R0,60
Variablegproductiongcostgpergunit R5,60
Totalgfixedgmanufacturinggcost R32g000
5. WhatgisgMetsingg(Pty)gLtd'sgbudgetedgbreak-evengpointgingunitsgforg2022?
(a) 2g286gunits
(b) 4g103gunits
(c) 5g714gunits
(d) 5g932gunits
6. WhatgisgMetsingg(Pty)gLtd'sgbudgetedgmargingofgsafetygratiogforg2022?
(a) 41%
(b) 42%
(c) 59%
(b)g62%
7. Whichgcostinggsystemgisgthegmostgappropriategforgagmanufacturinggcompanygth
atgwhengreferringgtogthegmarketgitgsellgtogagparticulargclient?
(a) Jointgcosting.
(b) Activity-Based-Costingg(ABC).
(c) Jobgcosting.
(d) Processgcosting.
CONFIDENTIAL 3gofg11 [TURNgOVER]
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
Pack 2023
g
LATEST QUESTIONS A
g g
ND ANSWERS
g
, Stuvia.comg-gThegstudy-
notesgmarketplace
UNIVERSITYgEXAMINATIONS
Jan/Febg 2022
MAC2601
PrinciplesgofgManagementgAccounting
100gMarks
Durationg2g Hours
Thisgpapergconsistsgofgeleveng(11)gpagesg(includinggthisgpage).
Instructions:
1. ThisgpapergconsistsgofgFIVEg(5)gquestionsgandgallgfivegquestionsgmustgbeganswered.
2. Eachgquestiongattempted,gmustgcommencegongagnewg(separate)gpage.
3. Yougmayganswergthegquestionsginganygorder,gbutgeachganswergmustgbegnumberedgex
actlygthegsamegasgthegcorrespondinggquestion.
4. Forgquestionsg2g–g5,gallgcalculationsgmustgbegshown.
5. Ignoregtaxationgandgthegtimegvaluegofgmoney.
6. Pleasegensuregthatgyoughavegcarefullygreadgandgfollowgallgthegexamginstructionsgan
dgthegMAC2601gguidegprovidedgasgaglinkgtogyourgexaminationgtimetablegongmyUni
sa.
7. Yourgcompleteganswergscriptgmustgbegsubmittedgasgagsinglegpdfgfile.
8. Dognotgpassword-protectgyourganswergscript.
9. Aftergthegtwog(2)ghourgduration,gtheregareg60gminutesgofguploadgtimegavailable.gHowe
ver,gpleasegdognotgwaitguntilgtheglastgminutegtogsubmit,ginsteadgsubmitgyourgfilegasgs
oongasgthegtwog(2)ghoursgdurationgofgthegexaminationghavegpassed.gIfgyougdognotgsuc
cessfullygsubmitgbeforegthegcut-
offgtimegyougwillgbegmarkedgasgabsentgfromgthegexamination.
10. Makegsuregyougsubmitgthegcorrectgfile.
11. Allganswergfilesgmaygonlygbegsubmittedgviagthegofficialgrouteg(ongthegmyUnisagplatfor
mgasgperg theg instructions)g withing theg allocatedg time.g Accordingg tog theg universityg
rulesg andgregulations, gstrictly,gNOgOTHERgSUBMISSIONgMETHODgISgALLOWED.
12. YougaregremindedgthatgyougmustgreadgandgadheregtogthegHonestygDeclaration.
13. Thisgisgagclosed-
bookgexamination;ghence,gyougmaygnotgrefergtoganygofgyourgstudygmaterial,gnotes,gtheg
internet,getc.gduringgthegexamination.
PROPOSEDg TIMETABLE:
Timeging
Question Topics Marks
minutes
1 Multiple-Choiceg Questionsg (MCQ)g (variousg topics) 20 24
2 Directg andg Absorptiong Costing 25 30
3 Relevantg costing,g Budgetingg andg Ethics 28 34
4 Activity-basedg Costing 16 19
5 Processg Costing 11 13
100 120
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
, Stuvia.comg-gThegstudy-
notesgmarketplace
MAC2601
January/Februaryg2022
QUESTIONg1g–g(20gMarks)g(24gMinutes)
THISg QUESTIONg CONSISTSg OFg TENg (10)g MULTIPLE-
CHOICEg QUESTIONSg OFgTWOg(2)gMARKSgPERgQUESTION.gFORgEACHgQUESTI
ON,gSIMPLYgWRITEgDOWNgTHEgNUMBERgOFgTHEgQUESTIONgTOGETHERgWIT
HgTHEgCORRECTgOPTIONg(a,gb,gcgORgd)gINgYOURgANSWERgSCRIPT.
Usegtheginformationgprovidedgbelowgtoganswergquestionsg1gtog4:
Mamelodig (Pty)g Ltdg usesg ag perpetualg inventoryg systemg andg appliesg theg weightedg
averagegmethodgforgthegvaluationgofginventory.gThegfollowingginformationgaboutgdirectg
materialsginventorygrelatesgtogthegmonthgendedg31gDecemberg2021:
Date Transaction
03/12/2021 Issuegofg250gunits
08/12/2021
Purchasegofg300gunitsgatgagtotalgcostgofgR33g00
0g15/12/2021 Issuegofg190gunits
16/12/2021
Returnsgfromgfactorygtogstore:g40gexcessgunitsgfromggoodsgissu
edgong15gDecember.gReturnedgunitsgareginggoodgcondition.
21/12/2021
Purchasegofg100gunitsgatgagtotalgcostgofgR9g00
0g25/12/2021 Issuegofg240gunits
Thegopeninggbalancegofgdirectgmaterialsginventorygong1gDecemberg2021gwasg300gunits
gatgagtotalgvaluegofgR31g000.
(Note:gSmallgroundinggdifferencesginginventorygbalancesgmaygbegapplicable.)
1. Thegvaluegofgdirectgmaterialsginventorygaftergthegunitsgpurchasedgong8gDecemb
erg2021gwasg .
(a) R20g900
(b) R38g167
(c) R33g000
(d) R31g000
2. Theg valueg ofg directg materialsg inventoryg afterg theg returnsg ong 16g Decemberg 2021g
wasg .
(a) R17g448
(b) R20g720
(c) R4g362
(d) R21g810
3. Theg valueg ofg directg materialsg inventoryg afterg theg purchaseg ofg 100g unitsg ong
21gDecemberg2021gwasg .
(a) R30g810
(b) R21g810
(c) R27g000
(d) R9g000
CONFIDENTIAL 2gofg11 [TURNgOVER]
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
, Stuvia.comg-gThegstudy-
notesgmarketplace
MAC2601
January/Februaryg2022
4. Thegvaluegofgdirectgmaterialsgclosingginventorygasgatg31gDecemberg2021gamounte
dgtog .
(a) R24g648
(b) R6g162
(c) R5g400
(d) R30g810
Usegtheginformationgprovidedgbelowgtoganswergquestionsg5gandg6:
Metsingg(Pty)gLtdgmanufacturesgandgsellsgonegproduct.gThegfollowinggisgangextractgfro
mgthegbudgetedginformationgforgthegfinancialgyeargendinggong31gDecemberg2022:
Numbergofgunitsgtogbegmanufacturedgandgsold
10g000
gSellinggpricegpergunit R14,00
Variablegsellinggcostgpergunit R0,60
Variablegproductiongcostgpergunit R5,60
Totalgfixedgmanufacturinggcost R32g000
5. WhatgisgMetsingg(Pty)gLtd'sgbudgetedgbreak-evengpointgingunitsgforg2022?
(a) 2g286gunits
(b) 4g103gunits
(c) 5g714gunits
(d) 5g932gunits
6. WhatgisgMetsingg(Pty)gLtd'sgbudgetedgmargingofgsafetygratiogforg2022?
(a) 41%
(b) 42%
(c) 59%
(b)g62%
7. Whichgcostinggsystemgisgthegmostgappropriategforgagmanufacturinggcompanygth
atgwhengreferringgtogthegmarketgitgsellgtogagparticulargclient?
(a) Jointgcosting.
(b) Activity-Based-Costingg(ABC).
(c) Jobgcosting.
(d) Processgcosting.
CONFIDENTIAL 3gofg11 [TURNgOVER]
Downloadedgby:gmg|
Distributiongofgthisgdocumentgisgilleg
al
