You are the cost accountant of The Big Nine Construction Pty Ltd and your company buys and sells a single standard type of brick. The details for the year ended 28 February 2020 are as follows: 1 March 2019: Opening inventory: 600 bricks at R62 each 30 April 2019: Purchased 115 bricks at R65 each Carriage on these bricks amounted to R250 31 August 2019: Purchased 185 bricks at R75 each Carriage on the bricks amounted to R700 31 January 2020: Purchased 220 bricks at R85 each Carriage on the bricks amounted to R 1200 During the financial year ended 28 February 2020,550 bricks were sold R 120 for each. Assume the business uses the FIFO method of valuing inventory Question 43 Calculate the total amount in the trading account using the perpetual inventory system O A. R 64000 O B.R 66 000 O C.R 45 000 O D. R62000 The following information relates to questions 44 to 50 You are the cost accountant of Northern Group of Mines (Pty) Ltd and you compiled the following information relating to your company's operations for the first quarter of 2020 (1 January to 31 March): WIP balances on 1 January 2020: Job 542 R3850 Job 543 R2 330 Costs incurred and other data for the third quarter: Job Material costs Labour costs Machine hours 542 R 850 R 580 30 hrs 543 R 340 R720 45 hrs 544 R6400 R3700 210 hrs 545 R3 150 R2 650 85 hrs Factory overheads are applied to jobs based on machine hours, Budgeted factory overheads for 2019 were R 900 000 while budgeted machine hours for the same period were 60 000 hours. Jobs 542 (60 units), 543 (200 units), and 544 (2000 units) were completed. Identify the formula you use to calculate the rate per machine hour O A. Budgeted overheads/Budgeted machine hours O B. Budgeted overheads/Budgeted direct labour hours O C. Budgeted overheads/Budgeted overhead hours O D.Budgeted overheads/Budgeted direct material hours Question 45 1 pt Determine the rate per machine hour? O A R10 per machine hour O B.R5 per machine hour O C. R15 per machine hour O D.R20 per machine hour Question 46 Identify the formula you use to calculate the overheads applied O A. Machine hours per job ~ Direct labour hours per job O B. Machine hours per job x Direct material hours per job O C. Machine hours per job x Rate per hour O D. Machine hours per job x Cost of sales per hour