11. It cost a singer-songwriter $67,300 for all of the expenses to engineer, record, mix, and promote a new music disc. The cost also included the manufacturing of 5000 discs. Assume each disc sells for $20. Find (a) the markup in dollars, (b) the markup as a percent of cost to the nearest tenth of a percent, and (c) the markup as a percent of selling price to the nearest tenth of a percent.

Adiwele Ltd has a financial year end of 31 March. The entity manufactures Compact Discs for resale. The manufacturing cost per compact disc is R2 per unit. Finished units of the compact disc are sold at R2.5 per unit. On 31 March 2021, Adiwele Ltd had 100 500 units of compact discs in stock. To sell this products Adiwele Ltd will incur the following costs: Sales commission of 20 cents per unit, Additional designing costs of 25 cents per unit, Advertising and packaging costs of 23 cents per unit, Salaries for administrative staff of R6 000 per month. Adiwele Ltd measures inventory at lower of cost and net realisable value as per IAS 2, Inventories according to IFRS at year end. What is the value of the closing inventory on 31 March 2021 as per IAS 2? 1.251 250 2. 201 000 3. 208 035 4. 136 035 5. 244 215

kasembe ltd is considering its plans for the year ending 3i december 2014. it makes and sells a single product, which has budgeted costs and selling price as follows: selling price $45 per unit, direct materials $11 per unit, direct labour $8 per unit. production overhead: variable $4000 per unit, fixed $$3000. Selling overhead: variable $5000, fixed $2000. Adminstration overhead: fixed $3000. fixed overhead costs per unit are based on a normal annual activity level of 96000 units. these costs are expected to be incured at a constant rate throughout the year. activity levels during january and february 2014 are expected to be:january sales 7000 units, production 8500 units; february sales 8750 units, production 7750 units. assume that there will be no stock held on 1 january 2014. required; a) prepare profit statements for each of the two months of january and february using; absorption costing and marginal costing. reconcile and explain the reasons for any differences

6. The Lantern Corporation has 1,000 obsolete lanterms that are carried in inventory at a manufacturing cost of P20,000. If the lanterns are re-machined for PS,000, they could be sold for P9,000. If the lanterns are scrapped, they could be sold for P1,000. What alternative is more desirable and what are the total relevant costs for the alternative? a. Re-machine and PS,000. b. Re-machine and P25,000. c. Scrap and P20,000. d. Neither, as there is an overall loss under either altematives.