Umngeni (Pty) Ltd uses normal costing. The following data have been taken from the accounting records of Umgeni (Pty) Ltd for the month of April 2024: RSales1 980 000Selling expenses280 000Manufacturing overheads incurred460 000Manufacturing overheads absorbed445 000Direct labour400 000Administrative expenses300 000Direct materials issued to production180 000Finished goods inventory, beginning240 000Finished goods inventory, ending320 000Raw materials inventory, beginning80 000Raw materials inventory, ending140 000Work in process inventory, beginning140 000Work in process inventory, ending100 000Required:Calculate the following items and fill in the missing data by choosing the correct answers from the options provided:(a)        Cost of the raw materials purchased during the month of April. RBlank 1140 000Blank 2Blank 3Blank 4Blank 5Blank 6Blank 7Cost of the raw materials purchasedBlank 8 (b)        Cost of goods manufactured for the month of April. RBlank 9Blank 10Blank 11180 000Direct labourBlank 12Blank 13Blank 14Blank 15Blank 16Blank 17Blank 18Cost of goods manufacturedBlank 19(c)        Cost of goods sold for the month of April. RBlank 20240 000Blank 21Blank 22Blank 23Blank 24Blank 25Blank 26Blank 27Blank 28 Blank 29Blank 30Adjusted cost of goods soldBlank 31

Umvoti Pty LTD is preparing its budget for the next four (4) months. The following information has been drawn from the budgets prepared in the planning exercise so far: Sales volume November R120 500 December R130 600 January R170 000 February R160 800 Direct material purchases November R13 450 December R13 780 January R12 890 February R13 150 Direct wages amount to R13 150. Majazana sells 10% of its goods for cash. The remainder of customers receive on month’s credit. Payments to material suppliers are made in the month following purchase. Wages are paid as they are incurred. Production overheads are R13 200 per month. Majazana takes one month credit on production overheads. Included in the amount for overheads is depreciation charge of R1 300. Selling, distribution and administrative expenses amount to R10 890 per month. The company plans to purchase a delivery vehicle December for a cash purchase of R60 000. The net balance at the end of November was R5 000. Required: Complete the following cash budgets by choosing the correct answers from the options provided. December January Opening balance Blank 1 Blank 2 Cash sales Blank 3 Blank 4 Credit sales Blank 5 Blank 6 Total receipts Blank 7 Blank 8 Less: payments Blank 9 Blank 10 Material purchases Blank 11 Blank 12 Direct wages Blank 13 Blank 14 Production overheads Blank 15 Blank 16 Selling, distribution and administrative expenses 11 890 11 890 Delivery vehicle 60 000 Closing balance Blank 17 Blank 18

Ezweni Limited uses normal costing system. Given below is the information taken from the records of Ezweni Limited for the year ended 31 March 2024:Inventories01 April 202331 March 2024 RRRaw materials112 500150 000Work in process262 500?Finished goods165 000? Additional information:Raw materials to the value of R1 460 600 were issued to production.Current manufacturing costs comprising of direct material, direct labour and absorbed manufacturing overheads, amount to R4 695 000.Manufacturing overheads absorbed to production amount to 65% of conversion costs.Actual manufacturing overhead costs incurred in the current period amount to R2 018 250. Manufacturing overhead variances are adjusted against the cost of goods sold.Required:Calculate and fill in the missing data in the following statement of cost of goods manufactured and sold by choosing the correct answer from the options provided.

The following information pertains to the most recent quarter at Precious Production Limited.  Purchases of raw materials $ 360,000Raw materials inventory, beginning   40,000Raw materials inventory, ending   68,000Depreciation, factory   168,000Insurance, factory   20,000Direct labour   240,000Maintenance, factory   120,000Administrative expenses   280,000Sales   1,800,000Utilities, factory   108,000Supplies, factory   4,000Selling expenses   320,000Indirect labour   260,000Work in process inventory, beginning   28,000Work in process inventory, ending   120,000Finished goods inventory, beginning   40,000Finished goods inventory, ending   160,000 Required:1. Prepare a schedule of cost of goods manufactured.

zweni Limited uses normal costing system. Given below is the information taken from the records of Ezweni Limited for the year ended 31 March 2024:Inventories01 April 202331 March 2024 RRRaw materials112 500150 000Work in process262 500?Finished goods165 000? Additional information:Raw materials to the value of R1 460 600 were issued to production.Current manufacturing costs comprising of direct material, direct labour and absorbed manufacturing overheads, amount to R4 695 000.Manufacturing overheads absorbed to production amount to 65% of conversion costs.Actual manufacturing overhead costs incurred in the current period amount to R2 018 250. Manufacturing overhead variances are adjusted against the cost of goods sold.Required:Calculate and fill in the missing data in the following statement of cost of goods manufactured and sold by choosing the correct answer from the options provided. RBlank 1Blank 2Blank 3Blank 4Available for useBlank 5Blank 6Blank 7Blank 81 460 600Direct labourBlank 9Manufacturing overheadsBlank 10Blank 114 695 000Blank 12Blank 13Blank 14Blank 15Blank 16Blank 17Blank 184 650 000Blank 19Blank 20Goods available for saleBlank 21Blank 22Blank 23Cost of goods sold at normal capacity4 530 000Blank 24Blank 25Cost of sales (as per income statement)Blank 26

Ngwenya (Pty) Ltd had the following expenses during the 2024 year of assessment:Bad debts from customers = R74 000Bad debts from a loan to a supplier = R98 000Calculate the deduction available for tax purposes to Ngwenya (Pty) Ltd for the 2024 year of assessment ending 29 February 2024.