Information The following balances appeared among others in general ledger of Wayne brothers on 1 March 2015 on the first day of the financial year:Vehicle R72 500.
Accumulated depreciation on vehicle R12 125

Transaction:
On 31 December 2015 ,a vehicle with a cost price of R55 000 was purchased from Range Motors on credit.

Adjustment:
On 29 February 2016,depreciation must be calculated at 15% p. a on the cost price of vehicle.​

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: