Accounting Answers

the following costs were incurred by odd a mfg cost

DM........105200

DL.........221400

MOH.....98600

based on the above data

a.determine prime cost

b.conversion cost

c.mfg cost

Which one of the following alternative represent the correct number of ordinary shares issued by Tshilangoma Ltd during the current financial year ended January 2020?

(a) Explain when interest is charged by NSFAS on study loans.

(b) State three expenses that are covered by NSFAS funding.

(c) State the cut-off date for applications for NSFAS funding in 2021 for the 2022 academic year.

(d) Give the full web-address used in your research on NSFAS funding.

1.the following data belong to co. for a period

material used $10000 (80%for DM)

labor used $50000 (70% for DL)

FOH cost (others) 5000

instruction:-compute

a. prime cost

b.conversion cost

c.production cost (mfg cost )

d.FOH cost

e.direct cost

f.indirect cost

1.the following data belong to co. for a period

material used $10000 (80%for DM)

labor used $50000 (70% for DL)

FOH cost (others) 5000

instruction:-compute

a. prime cost

b.conversion cost

c.production cost (mfg cost )

d.FOH cost

e.direct cost

f.indirect cost

Direct material price variance = (AQxAP) – (AQxSP)

                                  = actual cost - standard cost

1kg=RM5                   = RM720,000 - (90,000kgs x RM5/kg)

                                  = RM720,000 - RM450,000

                                  = RM270,000 (A)

Please give two possible reasons for the discrepancy in the calculations.

A company decided to install new equipment.

present breakeven point = 6500units and $350,000

new breakeven point = 6000units and $300,000

margin of safety (based on present BE) = 1500units and $85,000 and 20%

margin of safety (based on new BE) = 1800units and $90,000 and 22%

State whether the company should install new equipment and explain the circumstances

(I) break-even point; and

(ii) Safety margin,