MAC2601 May/Jun 2015 exam paper — questions

Every question, by topic

1. Question 1.1(a) · Cost-volume-profit analysis · 3 marks

   Question 1 consists of two independent parts, and both parts must be answered. Unless a sub-question states otherwise, each sub-question is independent of the previous one. Mafikeng Manufacturers (Pty) Ltd manufactures a single product. For the 2016 financial year the company has budgeted the following: a break-even point of 6 000 units, a selling price of R120 per unit and a variable cost of R30 per unit (no opening or closing inventory figures are given). Calculate the budgeted total fixed costs for the 2016 financial year.Show the full questionShow less

2. Question 1.1(b) · Cost-volume-profit analysis · 2 marks

   Question 1 consists of two independent parts, and both parts must be answered. Unless a sub-question states otherwise, each sub-question is independent of the previous one. Using the same budgeted data for Mafikeng Manufacturers (Pty) Ltd (break-even point of 6 000 units, selling price of R120 per unit, variable cost of R30 per unit), calculate the actual contribution in Rand if 7 500 units are actually produced and sold during the 2016 financial year.Show the full questionShow less

3. Question 1.1(c) · Cost-volume-profit analysis · 1 mark

   Question 1 consists of two independent parts, and both parts must be answered. Unless a sub-question states otherwise, each sub-question is independent of the previous one. For Mafikeng Manufacturers (Pty) Ltd, using the same budgeted figures (break-even point of 6 000 units, selling price of R120, variable cost of R30), calculate the margin of safety in units if 8 000 units are actually produced and sold.Show the full questionShow less

4. Question 1.1(d) · Cost-volume-profit analysis · 2 marks

   Question 1 consists of two independent parts, and both parts must be answered. Unless a sub-question states otherwise, each sub-question is independent of the previous one. For Mafikeng Manufacturers (Pty) Ltd, calculate the margin of safety ratio, expressed as a percentage, if 10 000 units are actually produced and sold during the 2016 financial year.Show the full questionShow less

5. Question 1.1(e) · Cost-volume-profit analysis · 3 marks

   Question 1 consists of two independent parts, and both parts must be answered. Unless a sub-question states otherwise, each sub-question is independent of the previous one. For Mafikeng Manufacturers (Pty) Ltd, calculate the number of units that would have to be sold to achieve a target (expected) profit of R90 000 for the 2016 financial year, assuming total fixed costs are those calculated in part (a) above.Show the full questionShow less