8. Victory Ltd ("Victory") manufactures bicycles. Victory uses normal costing as a basis for determining the cost of manufactured goods. Overhead costs are assigned to production at a pre-determined rate of R215 per bicycle (unit) manufactured. Assume that there was no opening inventory of bicycles. During June, 200 bicycles were manufactured, and the following costs were actually incurred: Direct materials R50 000 Direct labour R60 000 Production R90 000 overheads The total costs assigned per production unit will be: (a) R1 000. (b) R200 000. (c) R765. (d) R153 000. 9. Success (Pty) Ltd manufactured the following volumes of its two joint products: Product YP: 40 000 kg Product XM: 20 000 kg The joint cost of production was R240 000. The further processing costs of YP and XM are R60 000 and R50 000, respectively. If the physical measures method is applied for the allocation of joint costs, the joint costs allocated to YP and the joint costs allocated to XM, will be ..., respectively. (a) R80 000 and R160 000. (b) R160 000 and R80 000. (c) R60 000 and R50 000. (d) R220 000 and R130 000. 10. A... budget evaluates the results of operations at the actual level of output. (a) Flexible (b) static (c) Capital (d) cash