 |
BAC621C- BUSINESS ACCOUNTING 2B CATS- 1ST OPP- JUNE 2023 |
|
|
1 Page 1 |
▲back to top |
nAmlBIA
UnlVERSITY
OF SCIEnCE Ano
TECHnOLOGY
HAROLDPUPKEWITZ
GraduateSchoolof Business
FACULTYOF COMMERCE, HUMAN SCIENCESAND EDUCATION
HAROLD PUPKEWITZGRADUATESCHOOLOF BUSINESS(HP-GSB)
HAROLD PUPKEWITZ GRADUATE SCHOOL OF BUSINESS
QUALIFICATION: DIPLOMA IN BUSINESS PROCESS MANAGEMENT
QUALIFICATION CODE: 06DBPM LEVEL: 6
COURSE CODE: BAC621C
COURSE NAME: INTRODUCTION TO
BUSINESS MANAGEMENT
SESSION: JUNE 2023
DURATION: 3 HOURS
PAPER: PAPER 1
MARKS: 100
FIRST OPPORTUNITY EXAMINATION QUESTION PAPER
EXAMINER Sheehama, K.G.H.
MODERATOR Odada, L
INSTRUCTIONS
1. Answer ALL the questions.
2. Write clearly and neatly, showing all your workings
3. Number the answers clearly.
4. Round off your final answers to 2 decimal places
PERMISSIBLE MATERIALS
1. Examination paper
2. Examination script
3. Non-programmable calculator
THIS QUESTION PAPER CONSISTS OF 5 PAGES (including this front page)
|
|
2 Page 2 |
▲back to top |
QUESTION 2
(27 Marks)
Troublesome Ltd produces a single product. The company uses a standard absorption
costing system and at the beginning of the year a budget was drawn up for the
production of 9 000 units at the following standard cost per unit:
Direct material 0.10 kg at N$50 per kg
Direct labour one labour hours at N$25 per hour
Variable overheads½ machine hour at N$16 per hour
The actual costs recorded were as follows:
• Total direct material was 800 kg at N$49 per kg.
• 7 700 direct labour hours at N$26 per direct labour hour
• Variable overheads, N$60 750
• Actual machine hours, 4 050 hours.
• Actual production, 7 800 units.
5
25
§
---3..8
REQUIRED:
Compute the following:
a) Direct material quantity variance
b) Direct material price variance
c) Total material variance
d) Direct labour efficiency variance
e) Direct labour rate variance
f) Total labour variance
g) Variable production overhead expenditure variance
h) Variable production overhead efficiency variance
i) Total variable production variance
(3 marks each)
2
|
|
3 Page 3 |
▲back to top |
r
QUESTION 5
(20 Marks)
Hi-Tech CC produces software appliances in Windhoek. The following information
shows fixed and total expenses at the 8 000 units and1 0 000 units level of activities:
Cost
Item
Fixed
8 000
10 000
N$
N$
N$
Direct material cost
20 per unit
20 per unit
Direct labour
90 000
112 500
Supervision
50 000
50 000
50 000
Indirect materials
2 500
1.5 per unit
1.5 per unit
Property tax
30 000
30 000
30 000
Maintenance
60 000
140 000 (mixed)
160 000 (mixed)
Power
20 000
20 000
20 000
Insurance
17 500
17 500
17 500
REQUIRED: Prepare a flexible budget at the 9 000 level of activity showing the relevant
workings.
END OF QUESTION PAPER
4