There were no budgeted and actual opening- or closing inventory of any type for June 2021....

   

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There were no budgeted and actual opening- or closing inventory of any type for June 2021. Mrs Felafela, Chief Financial Officer (CFO) solely approved the contract with Switch (Pty) Ltd that they supply Mohale with the direct materials from 01 August 2021. The contract was concluded at an inflated price. Mrs Felafela's son is the Chief Executive Officer (CEO) of Switch (Pty) Ltd. Details Notes Standard R per unit Actual Total Direct materials (copper frames) 2 & 3 0,3 kg 400 per kg 0,5 kg R450 per kg Direct labour 3 hours 350 per hour 2 hours R350 perkg Actual sales R58 300 000 Units manufactured and sold 4 10 600 There were no budgeted and actual opening- or closing inventory of any type for June 2021. Mrs Felafela, Chief Financial Officer (CFO) solely approved the contract with Switch (Pty) Ltd that they supply Mohale with the direct materials from 01 August 2021. The contract was concluded at an inflated price. Mrs Felafela's son is the Chief Executive Officer (CEO) of Switch (Pty) Ltd. Details Notes Standard R per unit Actual Total Direct materials (copper frames) 2 & 3 0,3 kg 400 per kg 0,5 kg R450 per kg Direct labour 3 hours 350 per hour 2 hours R350 perkg Actual sales R58 300 000 Units manufactured and sold 4 10 600

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11 The correct answer is Mrs Felafela Chief Financial Officer CFO solely approved the contra acco... View the full answer