[Mariam]

Also, how did we compute the value of $11870 for the retained earnings?

Regards,

Mariam.

[Mariam]

I also would like to know how the lease rental of £32000 was arrived at IN Q 24 SEPT 2016 EXAM

[Mariam]

phew! thank God! i feel relief 🙂 thanks @jenny3549

[Mariam]

really?

[Mariam]

I made a mistake in section b…I didn’t write each question on its own separate page:-( otherwise the paper was ok

[Mariam]

Ok duly noted 😀

[Mariam]

this is what I did

time allowed : ( 200 * 3 / 60 * 18)=$180

piecework:( 80% x 8 hours x $20.)= $128

but what am I meant to do to get the gross pay?
I’m stuck

[Mariam]

so lets say for instance, an increase of 10 percent was noted in the activity level, what effect would it have on the following costs
a) fixed costs
b)variable costs
c)semi fixed costs
d)step fixed costs

[Mariam]

how about variable and step fixed costs

[Mariam]

so when the activity increases or decreases in semi variable costs, the variable cost per unit remains constant?
and for the fixed costs if activity increases, does the variable cost per unit decrease by the same proportion?

[Mariam]

i have a query…what if ur asked whats the relation between an increase or decrease in the activity level of a semi variable cost,what would happen to the cost per unit? would it decrease or increase ?

[Author]

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