t make sure you number your ch and your a mber on every page, as th stion or write down any unnece er book in the examina correctly on the front pa OH can answer the questions in rs as in the question paper, formula sheet in the vam are the two questions). la or answ y as pos O Do not underestimate the importance of revision and practice - be prepared for the exams. And don't let the real exam be the first exposure you get to time management! ADDITIONAL QUESTIONS The questions below have been provided for students to: Practice time management techniques Get additional practice applying some of the principles taught in the study guides Materials on hand Finished goods Job J Job L O Apply these and other time-saving methods that you have discovered and practised! MAC2601/103 - we have not provided any additional multiple- These extra questions are all written questions choice questions as students already have quite a variety of multiple-choice questions in their assignments. From enquiries, assignments, etc., the lecturers have noted that students are often struggling with some of the topics and we have decided to provide you with the opportunity for additional practice with regard to some of the principles addressed in these topics. Also, none of the assignments contain written questions on the topics in study guide 2 (topics 9-12) and we have therefore also provided additional questions about these four topics. Please note that these questions are NOT an indication of what will be asked in the exam - they are simply for additional practice. All twelve topics will be examined! QUESTION 1 - JOB COSTING (23 marks) (28 minutes) Ntabalanga (Pty) Ltd. uses a job costing system. Manufacturing overheads are allocated to jobs on the basis of a predetermined rate of 50% of direct labour cost. The budget for April 2013 estimated that direct labour would be 12 500 hours at a budgeted rate of R50 per hour. On 1 April 2013, the ledger of the company revealed the following information: R 150 000 Work in progress control account Job M Job N Job P 117 000 6 000 64 000 72 000 56 000 The following transactions took place during April 2013: 1. Jobs Q and R were started in the current month. 2. Jobs N and R were completed during April 2013 and Job N was invoiced to a customer at a profit of 25% of cost price. 5

nescastion a AbonowaL ouestows ansignents. All twelve foplcs will be examirsed QUESTION 1 - JOB COSTINO (23 marke) (28 minutes) Nithalanga (Pty) Lit, uses a job costing system. Marwafacturing owerthends are allocated io jobs on the direct labeur would be 12.500 hours at a budgeted rate of R50 per hour. On 1 April 2013, the ledper of the company revealed the following information: The following transactions took place during April 2013: 1. Jobs Q and R were started in the current month. 2. Jobs N and R were completed during April 2013 and Job N was invoiced to a customer at a profit of 25% of cost price