BAAB1014: Multi Cakes Sdn Bhd is involved in selling cakes. You are required to classify the following costs according to their behavior: Business Accounting Assignment, UIU, Malaysia

School

UNITAR International University (UIU)

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Assignment Type

Individual Assignment

Subject

BAAB1014: Business Accounting

Uploaded by Malaysia Assignment Help

Date

16/06/2023

QUESTION 1

Multi Cakes Sdn Bhd is involved in selling cakes. You are required to classify the following costs according to their behavior.

BAAB1014 BUSINESS ACCOUNTING

Question 2

  • Fill in the missing amount in each of the following accounting equations.

BAAB1014 BUSINESS ACCOUNTING

  • Below is the transaction in relation to Cempaka Rias Enterprise (CRE) for January 2021

BAAB1014 BUSINESS ACCOUNTING

a) Identify the effects (increase/decrease) of the above transactions on assets, liabilities, owner’s equity, revenues, and expenses.
b) Identify the double entry for the above transactions

Question 3

Walla Manufactured Sdn Bhd is a car manufacturer that produces side mirrors with a sales price of RM350 and a variable cost of RM150. Fixed costs are RM250,000 per annum with the total unit sold being 1,400 units. You are required to calculate the following:

  • Contribution / Sales ratio.
  •  Number of units to break even.
  • Sales (RM) at the break-even point.
  • Number of units to be sold to achieve a profit of RM150,000 per annum
  • Based on B above, find the margin of safety in units.

Question 4

Rahul Sign, the owner of Wood Factory Expert (WFE) has the following accounts balance on 31 December 2021.

BAAB1014 BUSINESS ACCOUNTING

Additional information:

The closing inventory was valued at RM240,000

  1. Prepare a Statement of Profit and Loss for the year ended 31 December 2021.
  2. Prepare a Statement of Financial Position as of 31 December 2021.

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