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Question 1 Not yet answered The catch lounge which uses the high-low method, reported total costs of $24 per unit at its lowest activity level, when production equalled 10 000 units. When production doubled, at its highest activity level, the total cost per unit dropped to $15. Estimate the variable cost per unit of the catch Marked out of 2.00 Flag question Answer: Question 2 Not yet answered Marked out of 2.00 The timesheet of employee Stevens shows that he worked 44 hours during a 40-hour workweek. On Monday and Saturday, he worked 2 hours overtime respectively. The normal overtime remuneration (1%2x normal wage) is paid. His normal wage is N$6 per hour. Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks, that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 7:22% and a holiday bonus equal to 3 weeks' wages is paid. Flag question Calculate the total available working hours for the year Answer: Question 3 Not yet answered Marked out of 2.00 The timesheet of employee Stevens shows that he worked 44 hours during a 40-hour workweek. On Monday and Saturday, he worked 2 hours overtime respectively. The normal overtime remuneration (1/2 x normal wage) is paid. His normal wage is N$6 per hour. Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks, that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 712% and a holiday bonus equal to 3 weeks' wages is paid. Flag question Calculate the total labour cost for the year Answer: Question 6 Not yet answered Amanufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for prime costs for the period? Marked out of 2.00 Flag question Answer: Question 7 Not yet answered A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021 all finished goods were sold and under/over-absorbed overheads were transferred to cost of goods sold. There were no opening and closing balances of work in process. Additional information is as follows: Marked out of 2.00 N$ Remove flag Building materials (bricks, cements, zincs, 100 etc.) 000 Indirect labour cost 50 000 Wages of builders, electricians and plumbers 200 000 Indirect 20 material used 000 Depreciation of office 100 equipment 000 Sundry factory 50 overheads 000 Calculate the amount of indirect/common costs for the period. Answer: Question 8 Not yet answered Marked out of 2.00 The timesheet of employee Stevens shows that he worked 44 hours during a 40-hour workweek. On Monday and Saturday, he worked 2 hours overtime respectively. The normal overtime remuneration (172 x normal wage) is paid. His normal wage is N$6 per hour. Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks, that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 7172% and a holiday bonus equal to 3 weeks' wages is paid. Calculate the total normal wages for the year P Flag question Answer: Question 14 Not yet answered A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for manufacturing overheads cost for the period? Marked out of 2.00 P Flag question Answer: Question 19 Not yet answered Marked out of 2.00 A firm supplied the following information: Budgeted overhead costs (service cost centre): Maintenance of buildings N$45 000 Budgeted factory overheads (production cost centres): Machining N$176 000 Assembling N$205 000 Flag question Budgeted direct labour hours Area (m2) Maintenance 1 000 2 000 2 600 Machining Assembling 10 000 1 400 Total 12 000 5 000 Management has decided to use the area as basis to apportion the cost of the service cost centre between the production cost centres. It has further decided to use the direct labour hours as basis to compute the overhead rates of the production cost centres. Determine amount of maintenance costs to be apportioned to the machining department. Answer: Question 22 Not yet answered Marked out of 2.00 A firm supplied the following information: Budgeted overhead costs (service cost centre): Maintenance of buildings N$45 000 Budgeted factory overheads (production cost centres): Machining N$120 750 P Remove flag Assembling N$205 000 Budgeted direct labour hours Area (m2 Maintenance 1 000 Machining 2 000 2 600 Assembling 10 000 1 400 Total 12 000 5 000 Management has decided to use the area as basis to apportion the cost of the service cost centre between the production cost centres. It has further decided to use the direct labour hours as basis to compute the overhead rates of the production cost centres. Determine Machining department's overhead absorption rate. Answer: Question 23 Not yet answered Marked out of 2.00 The timesheet of employee Stevens shows that he worked 44 hours during a 40-hour workweek. On Monday and Saturday, he worked 2 hours overtime respectively. The normal overtime remuneration (1/2 x normal wage) is paid. His normal wage is N$6 per hour. Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks, that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 7122% and a holiday bonus equal to 3 weeks' wages is paid. Calculate the labour tariff per hour to the nearest N$ p Flag