Qualification > Commerce
all acc doubts here !!
***exam***:
the question pastyear asked are from paper 3 right ???
pastyear:
ya P3
pastyear:
Thanks immortal ;D ;D
pastyear:
Question again . Pls explain
Q1) A company manufactures four products using different quantities of the same material, which is in
short supply. The following data is given by $ per unit:
Product Y1 Y2 Y3 Y4
Selling price 64 68 84 100
Materials, $6 per kg 18 24 27 30
Production costs 37 30 36 33
Profit 9 14 21 37
Machine time per unit
(in minutes) 45 30 40 30
The production costs include fixed costs which have been absorbed using a machine hour rate of
$36.
Which product gives the most profitable use of the raw materials?
Ans: Y1
Q2)The sales budget shows monthly sales of 300 units for July and 600 units for August. Stock at the
start of a month is budgeted to be 50 % of the month's planned sales. 10 % of production in a
month is faulty.
What is the actual production quantity for July to achieve the budgeted sales?
Ans: 500 units
Q3) A company has issued a debenture loan carrying interest at the rate of 8 % payable every
31 December. Also, each 31 December $20 000 of the debenture is redeemed.
At 31 December 2005 the total debenture loan outstanding was $100 000.
Which amounts should be disclosed in the company’s published Balance Sheet at
31 December 2006?
Ans: accrued interest $nil
current liabilities $20 000
long term loan $60 000
Question complete dont know how to do but question 3 abit.
Q3 dont the accrued interest and current liabilities how to get.
pastyear:
help anyone?
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