ADVANCED DIPLOMA IN FINANCIAL MANAGEMENT-ACADEMIC AND ASSESSMENT CALENDAR DISTANCE 9.2.2 ADVANCED MANAGERIAL ACCOUNTING QUESTION ONE [30] Brass Ltd produces two products, the Masso and the Rasso. Budgeted data relating to these products on a unit basis for September are as follows: Selling price Materials Commission Masso R150 Department Machining Assembly R80 R30 Masso Russo 1 R100 Each unit of product incurs costs of machining and assembly. The total capacity available for September is budgeted to be 700 machining and 1000 hours of assembly, the cost of this capacity being fixed at R7000 and R10 000 respectively for the onth, whatever the level of usage made of it. 2.5 R30 The number of hours required in each of these departments to complete one unit of output is as follows: R20 Russo [100] 2 2 Under the terms of the South African government special controls have been introduced whereby the selling prices are fixed and the maximum permitted output of either product is 400 units. At the present controlled selling prices the demand for the product exceeds this considerably. REGENT BUSINESS SCHOOL (RBS) - JANUARY 2022 28 ADVANCED DIPLOMA IN FINANCIAL MANAGEMENT-ACADEMIC AND ASSESSMENT CALENDAR DISTANCE Required: 1.1. Using graphic linear programming method, determine the number of units to be produced by Brass Ltd to maximize profit. show all your workings to eam more marks. (16) (3) Solving simultaneously, prove the accuracy of the answer in 1.1. Calculate the profit earned for the month of September. 1.4. Outline some key assumptions and limitations pertaining to linear programming. 1.2. 1.3. . (4) (7) 14