MAC2601 Principles of Management Accounting
University of South Africa
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MAC2601 EXAM PACK EXAM REVISION PACK 2017
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---136oktober 20212021/2022A+
- MAY/JUNE 2014 
EXAM 
Question 1 (20 marks, 24 minutes) 
Gupta Gate (Pty) Ltd manufactures and sells bullet proof vests. The following information is available 
for 2013 (actual) and 2014 (budget). 
2013 2014 
Production (units) 2 000 3 000 
Sales (units) 1 800 2 500 
Opening inventory (Beginning of 2013) (units) 1 500 
R R 
Variable cost per unit: 
Manufacturing 25 28 
Direct labour 10 15 
Selling cost 5 5.5 
40 38.5 
Fixed costs: 
Manufacturing overheads 25 000 39 000 
Selling and administrativ...
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MAC2601 EXAM PACK
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---133oktober 20212021/2022A+
- QUESTION 1 
Electrix Limited, a South African based manufacturer, manufactures a single product that is used in a 
variety of electrical products, in one process. The following information is available for September 2013: 
Work-in-process 
 Material 
- 1 September 2013 ......................................24 000 units 
- 100% complete ...............................................R200 000 
 Conversion costs - 95% complete ...............................................R607 200 
Material ...
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