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1.2WEZA STITCHES
1.2.1Calculate: Direct labour cost WORKINGS ANSWER (R40 x 1,6\ 6 x (1 840 x R40\ 230 x R64 441 600
1.2.2Annie is concerned that fixed costs increased to 806 400. Explain why she should not be concerned. Provide TWO points. Quote figures. TWO point with comparative figures
1.2.3Comment on whether the production staff deserve the production bonus that they received. Provide THREE points, with figures. THREE points with figures (comparison\
1.2.4Annie wants to improve her profit by R50 000 during the next financial year while maintaining costs. Calculate the additional units that must be produced to achieve this target. WORKINGS ANSWER
Q2— Section header —
2.1VAT Calculate the VAT amount that must be paid t o SARS for the VAT period ended 31 May 2022. WORKINGS ANSWER
2.2STOCK VALUATION MOUNTAIN BIKES
2.2.1Calculate the value of the closing stock on 28 February 2022, using the specific identification stock method. MODEL WORKINGS NSWER KING R666 000
2.2.2Explain TWO different examples of how the division of duties could prevent an incident such as this from occurring again in the future. Part marks for incomplete/unclear/partial answers; An explanation of division of duties may be considered as an incomplete response.
2.2.3Provide TWO points that show that Milo and his customers are happy with the quality of the Gama Bikes. Quote figures. TWO valid points with figures o (0\ returns to suppliers (54 of King; 2 of Palo\ is an indication of good quality.
2.2.4Calculate the value of the closing stock on 28 February 2022, using the FIFO stock valuation method WORKINGS ANSWER 180 30
2.2.5Calculate the stockholding period (in days\on 28 February 2022. Use the closing stock figure. WORKINGS ANSWER see 2.2.4 112
2.2.6Comment on your findings above. Provide TWO points, with figures. Note that the stockholding period for 2021 was 58 days. TWO valid comments comparative figure either with previous year or
2.2.7Milo has noticed that some of the stock of energy drinks has exceeded the shelf life (sell by date\Identify the value of stock that Milo is referring to. 39 780
2.2.8Milo wants to sell the outdated stock at half the cost price. What advice would yo offer him about this proposal? Provide TWO points. POINT 1 TWO points of advice
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3.1Creditors' Payment Schedule for December 2022 CREDIT PURCHASES NOVEMBER DECEMBER October 300 900 60 180 November
3.2Calculate the missing figures (i\ (i ii \he Cash Budget. NO WORKINGS ANSWER (i\ Collection from debtors: December 2022
3.3.1 Calculate the deposit that will be paid for the purchase of the company vehicle during December 2022. WORKINGS ANSWER (20 800 x 24\
3.2Juanita is concerned about the cash position for December 2022. She proposes moving the purchase of the vehicle to January 2023. Use the table below to show the effect of this proposal to the December 2022 Cash
3.4Juanita is concerned about her decisions in October 2022 to adjust the mark up % and the amount actually spent on advertising. Provide TWO points to indicate whether these were wise decisions or not. Quote figures and/or calculations.
3.5.1 Explain why Juanita should be concerned about the actual amount spent on repairs and maintenance during October 2022. Quote a figure or a calculation. igure (comparison\ nderspent on maintenance
3.5.2James feels that there has been a lack of control over he amounts spent on delivery expenses and packing material. Explain whether James' opinion is correct or not. Provide calculations. EXPLANATION ON DELIVERY
3.6Juanita wants to use social media to create an on line shopping platform to increase her sales from January 2023. Name THREE additional payments that must be included in the January 2023 budget. Any THREE valid
Q4— Section header —
4.1.1True
4.1.2False
4.1.3False
4.2BANK RECONCILIATION
4.2.1CASH RECEIPTS JOURNAL CASH PAYMENT JOURNAL 10 Amount Amount Total 101 200 Total 135 215
4.2.2Calculate the correct bank balance in the ledger on 31 July 2022. WORKINGS ANSWER 33 280 two method marks\
4.2.3BANK RECONCILIATION STATEMENT ON 31 JULY 2022 Alternative DEBIT CREDIT Balance per Bank Statement 71 020 balancing figure