WPS Office PAM3023 A212 ...ssessment.pdf + Sign in Go Premium O X ABC system. Which system provides a better estimate of profitability? Why? [7 Marks] - 66.51% + Close Full Screen QUESTION 2 (20 MARKS) A Shrubbery Construction Berhad is a sustainable builder and renewable energy contractor. As businesses increasingly integrate social and environmental concerns in their business operation, the energy providers look for ways to produce affordable and sustainable energy in the long-term. The company has taken two solar panel construction contracts on 1st October 2020. The position of contracts as on 30th September 2021 was as follows Costs Contract I Contract II RM RM Contract price 5,400,000.00 2,000,000.00 Materials issued to site 1, 160,000.00 2,160,000.00 Wages paid 2,248,000.00 3,300,000.00 Accrued wages 72,000.00 108,000.00 Other expenses 56,000.00 120,000.00 Plant in use on site, at cost 20,000.00 600,000.00 Materials on site not yet used 80,000.00 120,000.00 Accrued other expenses 8,000.00 18,000.00 Work certified 3,200,000.00 6,000,000.00 Cash received 2,400,000.00 4,500,000.00 Work completed but not yet c 160,000.00 180,000.00 The plant at site is to be depreciated at 10%. REQUIRED: Prepare the Contract Account for the period showing the notional profit and amount to be included in the construction company's profit and loss account. [12 Marks] [See next page PAM3023: Management Accounting B. Flora Transportation Berhad is one of the leading bus operators in Malaysia, with severalWPS Office PAM3023 A212 ...ssessment.pdf + Sign in Go Premium O X - 66.51% + Close Full Screen PAM3023: Management Accounting B. Flora Transportation Berhad is one of the leading bus operators in Malaysia, with several routes offered throughout Malaysia. With punctuality, integrity, and value for money being part of their core ethics, the company has seen a healthy growth in its customer base Flora Transportation Berhad is planning to open up a new route between Klang Valley and Arau, covering a distance of 550km. The company will operates four buses with seating capacity of 40 passengers for each bus. The following particulars are related to this new route for a month: Costs RM Wages of drivers and conductors 15,000.00 Salaries of office staff 3,000.00 Diesel, oil etc. 6,000.00 Repair and maintenance 3,500.00 Accountant's fees 1,500.00 Road tax and insurance ,800.00 Depreciation 8,500.00 Interest and other charges 5,700.00 Additional information: Actual passengers carried are estimated to be 75% of the seating capacity. All the buses operates for 30 days. Each bus made one round trip per day. REQUIRED: Determine the bus fare to be charged per passenger if Flora Transportation Berhad wants a profit of 20%. [8 Marks] [See next page