1. The day-to-day work of management teams will typically comprise all of the following activities except:

(A) decisionmaking.

(B) planning.

(C) costminimizing.

(D) directing operationalactivities.

(E) controlling.

2. Which of the following managerial functions involves a detailed financial and operational description of anticipatedoperations?

(A) Decisionmaking.

(B) Planning.

(C) Directing operationalactivities.

(D) Controlling.

(E) Measuring.

3. Much of managerial accounting information is basedon:

(A) a cost-benefittheme.

(B) profitmaximization.

(C) costminimization.

(D) the generation of externalinformation.

(E) effectiveness but notefficiency.

4. Which of the following statements represents a similarity between financial and managerialaccounting?

(A) Both are useful in providing information for externalusers.

(B) Both are governed byGAAP.

(C) Both draw upon data from an organization's accountingsystem.

(D) Both rely heavily on published financialstatements.

(E) Both are solely concerned with historicaltransactions.

5. Financial accounting focuses primarily onreporting:

(A) to parties outside of anorganization.

(B) to parties within anorganization.

(C) to an organization's board ofdirectors.

(D) to financialinstitutions.

(E) for financialinstitutions.

SECTION B

QUESTION 1

Apple Food Sdn Bhd is a company producing and selling pies called "Apple-Paie". Market research shows that the company could sell at least 60,000 packets per month at a selling price ofRM4.00perpacket.Foreachpacketsold,themanagerisconfidentofgetting10%contribution margin.

The following fixed costs are expected to be incurred during September 2021:

	RM
Rent	5,000
Wages and salaries	8,000
Miscellaneous expenses	1,500

For production purposes, the company needs to use the following assets. The depreciation rates for the assets are as follows:

	Cost	Depreciation rate
Motor vehicle	RM20,000	15% per annum
Machinery	RM30,000	20% per annum

Noted:

All calculations are to be made to two decimalplaces

Each question is to be treatedindependently

Required:

(A) Identify in detail the total fixed costs for product"Apple-Paie".

(4 marks)

Determine:

(B) BEP (units and RM). Whether the company can achieve the breakeven point at the current sales level?Explain.

(6 marks)

(C) The new selling price if the company plans to breakeven at the sales level of 40,000 packets permonth.

(4 marks)

(D) ThecompanybelievesthatbyspendinganextraofRM5,000permonthonmarketingand promotion, it will increase the sales to 80,000 packets permonth.

Advice whether the company should implement the plan based on profitability.

(6marks)

(20 marks)

QUESTION 2

NBH manufactures two products: X and Y. The company predicts a sales volume of 10,000 units for product X and ending finished-goods inventory of 2,000 units. These numbers for product Y are 12,000 and 3,000, respectively. NBH currently has 7,000 units of X in inventory and 9,000 units of Y.

The following raw materials are required to manufacture these products:

Raw Material	Cost per RM	Required for Product
		X	Y
A	4.00	2 kg
B	4.50	1 kg	1kg
C	2.25		3kg

Product X requires 3 hours of cutting time and 2 hours of finishing time; Y requires 1 hour and 3 hours, respectively. The direct labor rate for cutting is RM20 per hour and RM28 per hour forfinishing.

Required:

(A) Prepare a production budget inunits.

(B) Prepare a materials usage budget in kg andringgit.

(C) Prepare a direct labor budget in hours and ringgit for productX.