Cu 2. Jayne, who is an Apple member, has been asked to update a profit forecast for her employer, which is to be used in a share issue prospectus. The forecast was originally prepared by a colleague who no longer works for the company. Jayne is uncertain which of the assumptions underlying the forecast need to be refreshed, so she has decided to ignore several of them. If Jayne were to finalise the forecast on this basis then which of ICAEW's fundamental ethical principles would she most likely breach? A. Objectivity B. Professional behaviour C. Confidentiality D. Professional competence and due care Cu 3 A company manufactures two types of component, the XT1 and the XT2. Each component has first to be polished and is then assembled. The company's management accounts for April 20X4 include the following data: Budgted Production XT1 300 units XT2 200 units Budgeted hours per unit Total budgeted overhead XT1 XT2 Polishing 3 7 Assembly 1 6 16.100 13.500 29600 What is the overhead content included in the standard cost card for one unit of XT1, assuming that overheads are absorbed on the basis of hours in polishing and assembly? A. 30.00 B. 53.67 C. 59.20 Cu 8. Brite Ltd makes lamps with a selling price of 70 per lamp. Budgeted production and sales volume is 800 lamps per month. During July 800 lamps were made and 700 lamps were sold. There was no opening inventory. The variable cost per lamp is 30. Fixed costs in July were, as budgeted, 4,000. Using absorption costing, what is the profit for July? A. 49,000 B. 24,000 C. 21,000 D. 24,500