2011-Anet304-PBSB811-Vraestel+June+2011e

2011-Anet304-PBSB811-Vraestel+June+2011e - Requirements for...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Requirements for this paper: Multi choice cards: Non-programmable calculator: X Open book examination X Graphic paper: Laptop: EXAMINATION: JUNE 2011 QUALIFICATION: MBA MODULE CODE: PBSB 811 DURATION: 4 HOURS SUBJECT: MANAGEMENT ACCOUNTING MAX: 100 EXAMINER: PROF AM SMIT DATE: 03/06/2011 MODERATOR: MR G WHITEHEAD (NMMU) TIME: 14:00-18:00 PROF BRIAN GIBSON (AUSTRALIA) ANSWER SHEET FOR QUESTION 1 NAME: …………………………………………… STUDENT NO: …………………………… Question 1.1 A B C D Question 1.2 A B C D Question 1.3 A B C D Question 1.4 A B C D Question 1.5 A B C D Question 1.6 A B C D Question 1.7 A B C D Question 1.8 A B C D Question 1.9 A B C D Question 1.10 A B C D Question 1.11 A B C D Question 1.12 A B C D Question 1.13 A B C D Question 1.14 A B C D Question 1.15 A B C D PBSB811 1/10
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
QUESTION 1 (Multiple choice questions) (40) Please answer on the answering sheet provided. If necessary, show calculations clearly in your exam book. Remember to write your name and student number on the answering sheet provided. Use the following to answer questions 1.1 to 1.3: A company that makes organic fertilizer has supplied the following data: Bags produced and sold 680 000 Sales revenue R4 352 000 Variable manufacturing expense 1 972 000 Fixed manufacturing expense 730 000 Variable selling and administrative expense 782 000 Fixed selling and administrative expense 412 000 Net operating income R 456 000 1.1 The company’s margin of safety in units is closest to: A) 471 429 B) 501 563 C) 601 524 D) 194 043 (2) 1.2 The company’s unit contribution margin is closest to: A) R5,25 B) R4,05 C) R3,50 D) R2,35 (2) 1.3 The company’s degree of operating leverage is closest to: A) 3,50 B) 1,49 C) 9,54 D) 2,41 (2) PBSB811 2/10
Image of page 2
1.4 Use the following to answer questions 1.4 to 1.7: Janos Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price R111 Units in beginning inventory 300 Units produced 2 000 Units sold 2 200 Units in ending inventory 100 Variable costs per unit: Direct materials R29 Direct labour 30 Variable manufacturing overhead 4 Variable selling and administrative 9 Fixed costs: Fixed manufacturing overhead R34 000 Fixed selling and administrative 39 600 The company produces the same number of units every month, although the sales in units vary from month to month. The company’s variable costs per unit and total fixed costs have been constant from month to month. What is the unit product cost for the month under variable costing? A) R63 B) R80 C) R72 D) R89 (2) 1.5 What is the unit product cost for the month under absorption costing?
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern