Cost and Management Accounting $1$

QUESTION $4$

There are six steps to be followed when solving linear programming problems. List the SIX steps.

QUESTION $5$

Paulus traders has the following information available:

$\backslash$table$[[,01$ Jul $2017,31$ Dec $2017],[,$R$,$R$],[$Inventory levels,,$],[$Material$,28000,33000],[$Incomplete work,$42000,50000],[$Finished goods,$47000,55000],[$Costs for the period,,$250000],[$Material purchased $($including indirect material$),,225000],[$Direct labour,,$28000],[$Indirect labour,,$10000],[$Indirect material used,,$54000],[$Administrative costs,,$63000],[$Marketing costs,,$17000],[$Supervisory wages,,$39000],[$Hire of factory premises,,$51000],[$Depreciation of machinery,,$574000],[$Revenue of the period,,$]]$

Manufacturing overheads are applied at $60\%$ of direct labour.

REQUIRED:

Calculate the over$-$ or under$-$applied manufacturing overheads.

$[40]$

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PAGE $10$ OF $12$

Cost and Management Accounting $1$

SECTION D: INTERPRETATIVE QUESTIONS

$(20$ MARKS$)$

ANSWER ANY ONE OF THE QUESTIONS

QUESTION $1$

A toy manufacturer makes and sells toys. The toys are prepared in three