Question 30 Not yet answered XS sports bar uses the high-low method of estimating costs. XS sports bar had total costs of N$50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equalled 12 000 units, total costs were N$ 78 000. Estimate the fixed costs of XS sports bar Marked out of 4.00 Answer: P Flag question Question 29 Not yet answered A firm supplied the following information: Budgeted overhead costs (service cost centre): Maintenance of buildings N$45 000 Marked out of 2.00 Budgeted factory overheads (production cost centres): Flag question N$120 750 Machining Assembling N$34 250 Budgeted direct labour hours Area (m2) Maintenance 1 000 Machining 2 000 2 600 Assembling 1 000 1 400 Total 12 000 5 000 Management has decided to use the area as basis 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 assembling department's overhead absorption rate. Answer: Question 28 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 (122 x normal wage) is paid. His normal wage is N$6 per hour. Medical aid and pension fund contributions (6% and 10% of normal wages respectively) are paid on a 50:50 basis by employer and employee. PAYE (12% of taxable income) is the only other deduction being made. Assume that a year consists of 52 workweeks, that Stevens gets 3 weeks' holiday leave per year and that the enterprise is closed for eight (8) public holidays during the year. Normal idle time is budgeted as 7122% and a holiday bonus equal to 3 weeks' wages is paid. Calculate the employee contributions to the nearest N$ P Flag question Answer: Question 25 Not yet answered Pick n Pay retail shop shipped 22 000 litres of orange juice at N$50 000 and paid N$42 000 to ship 18 000 litres in October 2021. If Pick n Pay ships 20 000 litres in November 2021, its expected shipping expense would be: Marked out of 2.00 P Flag question Answer: Question 30 Not yet answered XS sports bar uses the high-low method of estimating costs. XS sports bar had total costs of N$50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equalled 12 000 units, total costs were N$ 78 000. Estimate the fixed costs of XS sports bar Marked out of 4.00 Answer: P Flag question Question 33 A firm supplied the following information: Not yet answered Budgeted overhead costs (service cost centre): Maintenance of buildings N$45 000 Marked out of 2.00 p Flag question Budgeted factory overheads (production cost centres): Machining N$176 000 Assembling N$205 000 Budgeted direct Area labour hours (m2) Maintenance 1 000 Machining 2 000 2 600 Assembling 10 000 1400 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 assembling department. Answer: Question 34 Not yet answered A company absorbs factory overheads at a rate of N$15 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 P Flag question 10 000 Actual direct labour hours hours Budgeted direct labour hours 11 000 hours NS Building materials (bricks, cements, zincs etc.) 100 000 Indirect labour cost 50 000 Wages of builders, electricians and 200 000 plumbers Indirect material used 20 000 Depreciation of office equipment 100 000 Sundry factory overheads 50 000 Calculate amount of under/over absorbed factory overheads for the period. Question 35 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 (172x 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. Calculate the total productive hours for the year to the nearest whole number P Remove flag Answer: Question 36 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 10 000 hours Actual direct labour hours P Flag question 11 Budgeted direct labour hours 000 hours NS Building materials (bricks, cements, zincs, etc.) 100 000 Indirect labour cost 50 000 Wages of builders electricians and plumbers 200 000 Indirect material used 20 000 Depreciation of office equipment 100 000 Sundry factory overheads 50 000 Calculate amount of factory overheads absorbed during the period. Question 44 Not yet answered A company absorbs factory overheads at a rate of N$25 per direct labour hour. During 2021 all finished goods were sold and under/over- absorbed overheads were transferred to cost of goods sold. There were no opening and closing balances of work in process. Additional information is as follows Marked out of 2.00 N$ p Flag Building materials (bricks, cements, zincs, etc.) question 100 000 Indirect labour cost 50 000 Wages of builders, electricians and plumbers 200 000 Indirect material used 20 000 Depreciation of office equipment 100 000 Sundry factory overheads 50 000 Calculate the amount of total manufacturing costs for the period