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4 marksCost Elements, Classification and Cost Curves

CAPE Accounting Unit 2 · 2006 · Paper 2 · Question 1(a)(i)

Ato Company produced 800 tables during the period. Accounting records provide data on inventories, sales, expenses, direct labour, materials purchased, utilities, plant costs, and administrative expenses.

Compute the total variable costs incurred for the current period.

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Other parts of this question

  1. 1(a)(ii)Compute the total fixed costs incurred for the current period.[3 marks]
  2. 1(a)(iii)Compute the total product costs incurred for the current period.[4 marks]
  3. 1(a)(iv)Compute direct materials used for the current period.[3 marks]
  4. 1(a)(v)Compute total manufacturing overhead for the current period.[3 marks]
  5. 1(a)(vi)Compute cost of goods manufactured for the current period.[5 marks]
  6. 1(a)(vii)Compute cost of goods sold for the current period.[4 marks]
  7. 1(b)(i)Assuming fixed costs remain constant between 800 and 1300 dinette sets, determine whether the order should be accepted. Show supporting workings.[6 marks]
  8. 1(b)(ii)List THREE qualitative factors that should be considered by a company when evaluating whether or not to accept a special order.[3 marks]

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