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
| University | UNITAR International University (UIU) |
| Subject | BAAB1014: Business Accounting |
QUESTION 1
Multi Cakes Sdn Bhd is involved in selling cakes. You are required to classify the following costs according to their behavior.
Question 2
- Fill in the missing amount in each of the following accounting equations.
- Below is the transaction in relation to Cempaka Rias Enterprise (CRE) for January 2021
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.
Additional information:
The closing inventory was valued at RM240,000
- Prepare a Statement of Profit and Loss for the year ended 31 December 2021.
- Prepare a Statement of Financial Position as of 31 December 2021.
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