QUESTION 1 (12 MARKS, 22 MINUTES This question is divided into two parts, namely 1.1. and 1.2 which are independent of each other 1.1. Suppose you have recently been appointed as a Management Accountant at one of the local manufacturing companies. Your supervisor has provided you with the following data in respect of Job No.008, which belongs to Client K Budgeted data for the month of April 2023: Production volume Total Direct material Total Direct labour cost Total Manufacturing overhead cost 50 N$1 250 NS1 750 N$1 000 Actual data for the month of April 2023: Units produced and delivered to Client K Direct material cost per unit 45 NS1 012.50 NS1 462.50 Direct labour cost per unit Additional information: . . Manufacturing overhead costs are absorbed based on the number of units produced All orders are delivered to customers at a profit margin of 25% on sales REQUIRED: 1.1.1 Calculate the Selling price per unit at which Job No.008-will be delivered 1.1.2 Calculate the Gross profit (loss) made on Job No.008 Total Marks for 1.1. MARKS 6 3 9 1.2 Briefly explain what each of the following terminologies means? 1.2.1 Certified work 1.2.2 Uncertified work 1.2.3 Retention money Total Marks for 1.2 Total Marks for Question 1 DM DL 1012.50 1462.50/ MARKS 1 1 1 1 3 12 POR=1000 54 20 Applied OH 962 20 Pok 25 PCP 1125 4500 56x45 Page 2 of 3 75 3375%25 3375+1125 75