QUESTION 7 Consider the costivolume behaviour below. Cost Volume R10 1 unit R100 10 units R1 000 100 units This behaviour is typical of a ... cost. bed 2) variable 3) mixed step QUESTIONS A report prepared by the management accountant is more likely to... 1) be used to assess the operating results of the most recent finandal year. 2) consider the entire organisation as the reporting entity. 3) be used by decision makers outside the organisation. be tallored to the specific needs of an individual decision maker inside the organisation QUESTION 9 Lerato Limited, a retailer, recorded gross profit of R34 400 for May 2020. There was no Inventory of merchandise at the beginning of May 2020. During May 2020 merchandise with a cost of R180 000 was purchased while merchandise with a cost of R172 000 was sold. On 17 May 2020 Lerato returned merchandise It had purchased and received a full refund of R8 000 from the supplier. What was the mark-up percentage on cost of Lerato Lid? 16% 2) 19% 3) 20% None of the above-mentioned alterative QUESTION 10 Dzuva Limited is a retaller and it sells its inventory of merchandise at a mark-up of 30% on cost. There was no inventory of merchandise on 01 June 2020. During June 2020 merchandise with a cost of R120 000 was purchased while merchandise with a cost of R100 000 was sold. On 25 June 2020 a customer retumed merchandise he had purchased on 17 June 2020 and Dzuvha gave him a full refund of R2 600 In cash. What was the gross profit of Dzuvha Limited for June 2020? 1) R29 400 2) R10 000 3) R27 400 4) None of the above-mentioned alternative