actory COSTS price 30 6 (4 ME system of throughput accounting, what is the return per factory hour? QUESTION SIX A company is developing a new product using a target costing approach. The initi assumption was that a sales volume of 200,000 units could be achieved at a sel price of K25 per unit. However,market research indicate that to achieve the sales 200,000 units the selling price should be K23.5. The company wishes to obta erage profit margin of 20%. The following data have been estimated for the et Material K10.45 per unit, Hourly production volume 20 units, Direct Labc er hour, Variable overheads K82 per hour (absorbed on direct labour ho Fixed costs to produce 200,000 units are estimated to be K680,000. n in the cost per unit is required in order to achieve the target cost (2 Ma OUMATONTAXATION MEX BS 122.327325 te FOUNDATION TAXATION-25 x LIABILITY TO TAXATION.pd! s/Wakisa%20Musisya/Documents/Accountancy%203/BS%20327/BS%20322.327325%20test%201.pdf + E A Read aloud y Draw Highlight Question one Harriet Muyembe was employed by one of the oil marketing companies in Zambia In the year 2009/10with a basic salary of K8, 000 rebased per month. At the end of month 9 (l.e 31/12/2009) the cumulative basic salary was K72,000 rebased. The cumulative NAPSA was k1, 395 rebased. The cumulative, PAYE was K2,061 rebased, In month I Muvembe was given an increment of K2, 000 rebased. Required: (a) Calculate the income tax for month 10 and Month (12% marks) (b) in the same tax year Mr clubueMwandil's 3 year contract ended on 31/3/2010 His basic salary was K12, 500 rebased per month. His responsibility allowance was K3,500 rebased per month. Gratuity was at 35% of the basic salary for years of contract He had a written contract and served the contract period of 3 year.Mwandi was neither in actory COSTS price 30 6 (4 ME system of throughput accounting, what is the return per factory hour? QUESTION SIX A company is developing a new product using a target costing approach. The initi assumption was that a sales volume of 200,000 units could be achieved at a sel price of K25 per unit. However,market research indicate that to achieve the sales 200,000 units the selling price should be K23.5. The company wishes to obta erage profit margin of 20%. The following data have been estimated for the et Material K10.45 per unit, Hourly production volume 20 units, Direct Labc er hour, Variable overheads K82 per hour (absorbed on direct labour ho Fixed costs to produce 200,000 units are estimated to be K680,000. n in the cost per unit is required in order to achieve the target cost (2 Ma OUMATONTAXATION MEX BS 122.327325 te FOUNDATION TAXATION-25 x LIABILITY TO TAXATION.pd! s/Wakisa%20Musisya/Documents/Accountancy%203/BS%20327/BS%20322.327325%20test%201.pdf + E A Read aloud y Draw Highlight Question one Harriet Muyembe was employed by one of the oil marketing companies in Zambia In the year 2009/10with a basic salary of K8, 000 rebased per month. At the end of month 9 (l.e 31/12/2009) the cumulative basic salary was K72,000 rebased. The cumulative NAPSA was k1, 395 rebased. The cumulative, PAYE was K2,061 rebased, In month I Muvembe was given an increment of K2, 000 rebased. Required: (a) Calculate the income tax for month 10 and Month (12% marks) (b) in the same tax year Mr clubueMwandil's 3 year contract ended on 31/3/2010 His basic salary was K12, 500 rebased per month. His responsibility allowance was K3,500 rebased per month. Gratuity was at 35% of the basic salary for years of contract He had a written contract and served the contract period of 3 year.Mwandi was neither in
