Question 1.3 (15 marks) The following cost data was extracted from the records of Bread Makers Bakeries (BMB) for the four months ended 30 April 2021: Month January February March April Production volume Units 830 930 970 020 Total costs N$ 10 000 11 000 11 400 11 900 BMB is in the process of planning production for May 2021. They are not sure how many units they will manufacture but have budgeted to only spend N$12 000 in May 2021. The unit costs and cost behaviour can be assumed to be the same as the other four months. Requirement Mark Sub- Total total 5 5. 10 15 1.3.1 Using the high low method of separating mixed costs, determine how many units BMB will manufacture in May 2021. 1.3.2 Using the least squares method of separating mixed cost, determine how much will the fixed cost be in May 2021 Note: Show all the necessary workings or steps that are required to reach the answer. Marks are available for these. Total 15 2021 DISTANCE MODE ASSIGNMENTS Question 2 (41 marks) Question 2.1 (10 marks) Complete the following puzzle: ACROSS 3. The point at which an organisation needs to place an order for inventory items to avoid inventory shortfall. 4. = Re-order level - (Average usage x Average lead time). 5. The international Accounting Standard that prescribes the accounting treatment for inventories 7. An inventory system where all inventory acquisitions are recorded in a purchases account. 8. A technique that expands and calculates material requirements based on a master manufacturing schedule, using a bill of materials and inventory status data within a manufacturing organisation 10. = Re-order level - (Minimum usage x Minimum lead time) + EOQ DOWN Page 13 of 25 2021 DISTANCE MODE ASSIGNMENTS -... 2021 DISTANCE MODE ASSIGNMENTS Fit Width Fit Page C Rotate View B ullscreen tools Single Page 10 Continuous Close Fullscreen Question 1.3 (15 marks) The following cost data was extracted from the records of Bread Makers Bakeries (BMB) for the four months ended 30 April 2021: Month January February March April Production volume Units 830 930 970 020 Total costs N$ 10 000 11 000 11 400 11 900 BMB is in the process of planning production for May 2021. They are not sure how many units they will manufacture but have budgeted to only spend N$12 000 in May 2021. The unit costs and cost behaviour can be assumed to be the same as the other four months. Requirement Mark Sub- Total total 5 5. 10 15 1.3.1 Using the high low method of separating mixed costs, determine how many units BMB will manufacture in May 2021. 1.3.2 Using the least squares method of separating mixed cost, determine how much will the fixed cost be in May 2021 Note: Show all the necessary workings or steps that are required to reach the answer. Marks are available for these. Total 15 2021 DISTANCE MODE ASSIGNMENTS Question 2 (41 marks) Question 2.1 (10 marks) Complete the following puzzle: ACROSS 3. The point at which an organisation needs to place an order for inventory items to avoid inventory shortfall. 4. = Re-order level - (Average usage x Average lead time). 5. The international Accounting Standard that prescribes the accounting treatment for inventories 7. An inventory system where all inventory acquisitions are recorded in a purchases account. 8. A technique that expands and calculates material requirements based on a master manufacturing schedule, using a bill of materials and inventory status data within a manufacturing organisation 10. = Re-order level - (Minimum usage x Minimum lead time) + EOQ DOWN Page 13 of 25 2021 DISTANCE MODE ASSIGNMENTS -... 2021 DISTANCE MODE ASSIGNMENTS Fit Width Fit Page C Rotate View B ullscreen tools Single Page 10 Continuous Close Fullscreen