A-level ACCOUNTING ACCN4. Unit 4 Further Aspects of Management Accounting. Thursday 15 June 2017 Afternoon Time allowed: 2 hours *JUN17ACCN4*

Size: px
Start display at page:

Download "A-level ACCOUNTING ACCN4. Unit 4 Further Aspects of Management Accounting. Thursday 15 June 2017 Afternoon Time allowed: 2 hours *JUN17ACCN4*"

Transcription

1 Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature A-level ACCOUNTING Unit 4 Further Aspects of Management Accounting Thursday 15 June 2017 Afternoon Time allowed: 2 hours Materials For this paper you must have: a calculator. For Examiner s Use Instructions Use black ink or black ball-point pen. Fill in the es at the top of this page. Answer all questions. You must answer the questions in the spaces provided. around each page or on blank pages. All workings must be shown and clearly labelled; otherwise marks for method may be lost. Do all rough work in this book. Cross through any work you do not want to be marked. Information The marks for questions are shown in brackets. The maximum mark for this paper is 90. You will be marked on your ability to: use good English organise information clearly use specialist vocabulary where appropriate. Question TOTAL Mark *JUN17ACCN4* IB/G M/Jun17/E11 ACCN4

2 2 Answer all questions in the spaces provided. 1 Total for this question: 22 marks The following information has been extracted from the books of account of Barber Products Limited for the year ended 31 January Carriage inwards on raw materials 6 Depreciation plant and machinery 24 Factory maintenance 12 Inventory at 1 February 2016 Finished goods 18 Raw materials 36 Work in progress 12 Inventory at 31 January 2017 Finished goods 24 Raw materials 32 Work in progress 18 Other factory overheads 113 Purchase of raw materials 365 Purchase of finished goods 14 Returns inwards 5 Revenue Selling and distribution costs 110 Wages / salaries Administration and sales staff 24 Factory supervisor 31 Indirect labour 55 Manufacturing 186 *02* IB/G/Jun17/ACCN4

3 3 1 (a) Prepare an extract from the manufacturing account for the year ended 31 January 2017 to show the prime cost of manufacture. [4 marks] Barber Products Limited Manufacturing account (extract) for the year ended 31 January The directors have calculated that the total cost of factory overheads for the year ended 31 January 2017 was Finished goods are transferred from the factory at cost plus 20%. 1 (b) Prepare an extract from the manufacturing account for the year ended 31 January 2017 to show the value of goods transferred from the factory during the year. [4 marks]. Prime cost Barber Products Limited Manufacturing account (extract) for the year ended 31 January Turn over *03* IB/G /Jun17/ACCN4

4 4 1 (c) Prepare an extract from the current assets section of the balance sheet at 31 January 2017 to show only the inventories section. Closing inventory of finished goods comprises only goods manufactured by the company. [2 marks] Barber Products Limited Balance sheet (extract) at 31 January 2017 Current assets Barber Products Limited uses standard costing to monitor manufacturing performance. The following standard cost data is available for one unit of one of its products. Direct materials Direct labour per metre per hour The actual data for February 2016 were as follows: Direct materials metres costing Direct labour hours costing Production 680 units 1 (d) Calculate all material and labour sub-variances for February [8 marks] Direct material price variance *04* IB/G/Jun17/ACCN4

5 5 Direct material usage variance Direct labour rate variance Direct labour efficiency variance Extra space Question 1 continues on the next page Turn over *05* IB/G /Jun17/ACCN4

6 6 1 (e) State two factors that should be considered when setting the standard price for material. 1 [2 marks] 2 1 (f) State two factors that should be considered when setting the standard usage for material. [2 marks] *06* IB/G/Jun17/ACCN4

7 7 Turn over for the next question DO NOT WRITE ON THIS PAGE ANSWER IN THE SPACES PROVIDED Turn over *07* IB/G /Jun17/ACCN4

8 8 2 Total for this question: 18 marks Asnar Wood Limited manufactures one product, an executive office desk. The following budgeted information is available: per unit Selling price 160 Direct material 50 Direct labour (at 12 per labour hour) 60 Variable production overheads 8 July 2017 August 2017 Forecast sales (units) Forecast production (units) Additional information 1. Fixed production overheads are forecast to be per annum. 2. Fixed production overheads are absorbed on the basis of direct labour hours worked. 3. Production is forecast to be 6000 units per annum (500 units per month). 4. The directors forecast that there will be no inventory of finished goods at 1 July (a) Prepare budgeted income statements for each of the months July 2017 and August 2017 using absorption costing. Workings [12 marks] [Includes 2 marks for quality of presentation] *08* IB/G/Jun17/ACCN4

9 9 Turn over *09* IB/G /Jun17/ACCN4

10 10 Asnar Wood Limited Budgeted income statement for the months of July 2017 and August 2017 July 2017 August 2017 The directors have calculated that the profit for July 2017 using marginal costing would be (b) Reconcile the marginal cost profit for July 2017 with the absorption cost profit or loss for July [2 marks] *10* IB/G/Jun17/ACCN4

11 11 The directors of Asnar Wood Limited are planning to expand their product range into four different items of office furniture. They have been advised that activity based costing may be the most appropriate costing system for the expanded business. 2 (c) Explain one advantage and one disadvantage of activity based costing. [4 marks] Advantage Disadvantage Extra space 18 Turn over for the next question Turn over *11* IB/G /Jun17/ACCN4

12 12 3 Total for this question: 24 marks Downey Products Limited manufactures a computerised control unit for use in heating installations. Demand for the product has declined due to the availability of less expensive imported units. In order to become more competitive, the directors plan to scrap the existing machinery and replace this with a new automated machine. They have the choice of two machines, both of which would enable the company to reduce the product selling price to 10% less than the competition. The company currently sells 1800 units per annum and the directors are confident that with the new machinery, sales in year 1 would be 2000 units increasing by a further 100 units in each subsequent year. The directors have the choice of two machines. The following data is available for each: Machine A Machine B Capital cost Expected useful life 4 years 3 years Residual value per unit per unit Unit selling price Variable overheads (including direct labour) Depreciation The directors estimate that direct material costs and variable overhead costs will remain constant over the next four years, but direct labour costs will increase by 1 per unit each year, commencing with year 2. The directors intend to maintain the selling price at the current level for each of the next four years. 3 (a) Calculate the annual net cash inflow from operations for the lifetime of each machine. [8 marks] Machine A *12* IB/G/Jun17/ACCN4

13 13 Machine B 3 (b) Calculate the payback period for each machine. [2 marks] Machine A Machine B Turn over *13* IB/G /Jun17/ACCN4

14 14 3 (c) Calculate the net present value of each machine based on the company s cost of capital of 12%. The discount factors for 12% are as follows: Year Discount factor Machine A [6 marks] Year Machine B Year *14* IB/G/Jun17/ACCN4

15 15 3 (d) Advise the directors which machine they should purchase based only on financial factors. [8 marks] 24 Turn over *15* IB/G /Jun17/ACCN4

16 16 4 Total for this question: 26 marks PR Support Limited is a service business providing administrative support to businesses. The company operates three separate departments: Payroll Market Research Financial Services. The directors are currently preparing budgets for the year ending 30 April The company s fixed overheads include the salaries of its employees. The company employs 4 staff in each department, a total of 12 employees. Each employee is paid a salary of 15 per hour, for working a total of 40 hours per week, for 48 weeks per annum. Any overtime required is paid at a premium of 50%. The company s other fixed overheads of per annum are split equally between the three departments. In addition, each department incurs 7 per hour variable overhead costs. PR Support Limited charges clients 30 per hour for the services it supplies. The directors require a profit of from each department in the year ending 30 April The Market Research department is budgeted to make a profit of and the Financial Services department is budgeted to make a profit of in this period. Due to inefficiencies and lack of available work, the Payroll department is budgeted to work at 95% capacity. However, the other two departments are budgeted to work at 100% capacity. 4 (a) Calculate the number of chargeable hours required in the Payroll department to produce a profit of for the year ending 30 April [2 marks] *16* IB/G/Jun17/ACCN4

17 17 4 (b) Prepare a budgeted marginal cost statement for the Payroll department to show the profit for the year ending 30 April PR Support Limited Payroll department Budgeted marginal cost statement for the year ending 30 April 2018 [4 marks] Question 4 continues on the next page Turn over *17* IB/G /Jun17/ACCN4

18 18 The directors of PR Support Limited feel that the performance of the payroll department should be improved. They are currently reviewing two exclusive opportunities that have arisen. Option 1 An overseas company has offered to process all the work of the Payroll department for the year ending 30 April 2018 and beyond. The price that has been quoted to the directors is per chargeable hour. The Payroll department would not be required and would be closed down. Option 2 The directors have the opportunity to take over all of the clients of a competitor. This will result in an additional 4200 chargeable hours per annum in the Payroll department. This extra business would require the department to take on a further two full-time employees and would involve the department working at over 100% capacity. The directors are aware that in order to keep their existing experienced staff and recruit qualified new staff, the company would have to increase the fixed salary in the department from 15 per hour to 18 per hour. 4 (c) Calculate the total contribution for the year ending 30 April 2018 from the contract if the directors decide to proceed with Option 1. Tick one only. [1 mark] A B C D *18* IB/G/Jun17/ACCN4

19 19 4 (d) Calculate the total budgeted wages of the Payroll department for the year ending 30 April 2018, if the directors decide to proceed with Option 2. [3 marks] 4 (e) Prepare a budgeted marginal cost statement for the Payroll department for the year ending 30 April 2018, if the directors decide to proceed with option 2. [4 marks] Turn over *19* IB/G /Jun17/ACCN4

20 20 4 (f) Advise the directors which option they should choose. Consider both financial and nonfinancial issues. Financial issues [12 marks] [Includes 2 marks for quality of written communication] Non-financial issues *20* IB/G M/Jun17/E1

21 21 Advice 26 END OF QUESTIONS *21* IB/G /Jun17/ACCN4

22 22 There are no questions printed on this page DO NOT WRITE ON THIS PAGE ANSWER IN THE SPACES PROVIDED *22* IB/G/Jun17/ACCN4

23 23 There are no questions printed on this page DO NOT WRITE ON THIS PAGE ANSWER IN THE SPACES PROVIDED *23* IB/G /Jun17/ACCN4

24 24 There are no questions printed on this page DO NOT WRITE ON THIS PAGE ANSWER IN THE SPACES PROVIDED Copyright Information For confidentiality purposes, from the November 2015 examination series, acknowledgements of third party copyright material will be published in a separate booklet rather than including them on the examination paper or support materials. This booklet is published after each examination series and is available for free download from after the live examination series. Permission to reproduce all copyright material has been applied for. In some cases, efforts to contact copyright-holders may have been unsuccessful and AQA will be happy to rectify any omissions of acknowledgements. If you have any queries please contact the Copyright Team, AQA, Stag Hill House, Guildford, GU2 7XJ. Copyright 2017 AQA and its licensors. All rights reserved. *24* IB/G/Jun17/ACCN4

Monday 5 June 2017 Afternoon Time allowed: 1 hour 15 minutes

Monday 5 June 2017 Afternoon Time allowed: 1 hour 15 minutes Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE ECONOMICS Unit 11 Personal Economics Monday 5 June 2017 Afternoon Time allowed: 1 hour

More information

A-Level Accounting. ACCN4 Further Aspects of Management Accounting Final Mark scheme June Version/Stage: v1.0

A-Level Accounting. ACCN4 Further Aspects of Management Accounting Final Mark scheme June Version/Stage: v1.0 A-Level Accounting ACCN4 Further Aspects of Management Accounting Final Mark scheme 2120 June 2017 Version/Stage: v1.0 Mark schemes are prepared by the Lead Assessment Writer and considered, together with

More information

GCSE BUSINESS STUDIES

GCSE BUSINESS STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE BUSINESS STUDIES Unit 2 Growing as a Business Friday 10 June 2016 Afternoon Time allowed:

More information

GCSE BUSINESS STUDIES

GCSE BUSINESS STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE BUSINESS STUDIES Unit 1 Setting up a Business Wednesday 24 May 2017 Morning Time allowed:

More information

General Certificate of Education Advanced Level Examination January 2011

General Certificate of Education Advanced Level Examination January 2011 General Certificate of Education Advanced Level Examination January 2011 Accounting ACCN4 Unit 4 Further Aspects of Management Accounting Monday 31 January 2011 9.00 am to 11.00 am For this paper you must

More information

AS BUSINESS STUDIES Unit 1 Planning and Financing a Business

AS BUSINESS STUDIES Unit 1 Planning and Financing a Business Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS BUSINESS STUDIES Unit 1 Planning and Financing a Business Thursday 19 May 2016 Afternoon

More information

GCSE ECONOMICS Personal Economics

GCSE ECONOMICS Personal Economics Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE ECONOMICS Unit 11 Personal Economics Monday 6 June 2016 Afternoon Time allowed: 1 hour

More information

A-level BUSINESS 7132/2. Paper 2 Business 2. Monday 19 June 2017 Morning Time allowed: 2 hours *JUN *

A-level BUSINESS 7132/2. Paper 2 Business 2. Monday 19 June 2017 Morning Time allowed: 2 hours *JUN * Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature A-level BUSINESS Paper 2 Business 2 Monday 19 June 2017 Morning Time allowed: 2 hours Materials

More information

A-level BUSINESS Paper 1 Business 1

A-level BUSINESS Paper 1 Business 1 Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature A-level BUSINESS Paper 1 Business 1 Monday 12 June 2017 Afternoon Time allowed: 2 hours Materials

More information

GCSE SCIENCE A PHYSICS

GCSE SCIENCE A PHYSICS Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE SCIENCE A PHYSICS Higher Tier Unit Physics P1 H Wednesday 24 May 2017 Afternoon Time

More information

Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes

Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS BUSINESS Paper 1 Business 1 Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes

More information

AS BUSINESS 7131/1. Paper 1 Business 1. Thursday 18 May 2017 Afternoon Time allowed: 1 hour 30 minutes *JUN *

AS BUSINESS 7131/1. Paper 1 Business 1. Thursday 18 May 2017 Afternoon Time allowed: 1 hour 30 minutes *JUN * Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS BUSINESS Paper 1 Business 1 Thursday 18 May 2017 Afternoon Time allowed: 1 hour 30 minutes

More information

GCSE MATHEMATICS 8300/2F PRACTICE PAPER SET 4. Exam Date Morning Time allowed: 1 hour 30 minutes. Please write clearly, in block capitals.

GCSE MATHEMATICS 8300/2F PRACTICE PAPER SET 4. Exam Date Morning Time allowed: 1 hour 30 minutes. Please write clearly, in block capitals. PRACTICE PAPER SET 4 Please write clearly, in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE MATHEMATICS F Foundation Tier Paper 2 Calculator Exam Date Morning

More information

Functional Skills Certificate FUNCTIONAL MATHEMATICS

Functional Skills Certificate FUNCTIONAL MATHEMATICS Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature Functional Skills Certificate FUNCTIONAL MATHEMATICS Level 1 Thursday 10 November 2016 Morning

More information

AS ENVIRONMENTAL STUDIES

AS ENVIRONMENTAL STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ENVIRONMENTAL STUDIES Unit 2 The Physical Environment Wednesday 24 May 2017 Afternoon Time

More information

AS DESIGN AND TECHNOLOGY: PRODUCT DESIGN (3-D DESIGN)

AS DESIGN AND TECHNOLOGY: PRODUCT DESIGN (3-D DESIGN) Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS DESIGN AND TECHNOLOGY: PRODUCT DESIGN (3-D DESIGN) Unit 1 Materials, Components and Applications

More information

Business Studies (Short Course)

Business Studies (Short Course) Centre Number Surname 1 Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Secondary Education June 2015 Question 1 2 Mark Business Studies (Short

More information

Business Studies BUSS2. (JUn11BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL

Business Studies BUSS2. (JUn11BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination June 2011 Question 1 2 Mark

More information

Morning Time allowed: 1 hour 30 minutes

Morning Time allowed: 1 hour 30 minutes Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ECONOMICS Paper 1 The operation of markets and market failure Monday 15 May 2017 Morning

More information

Business Studies

Business Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark General Certificate of Secondary Education June 2012 Business Studies 413001

More information

AS ECONOMICS Paper 1 The operation of markets and market failure

AS ECONOMICS Paper 1 The operation of markets and market failure Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ECONOMICS Paper 1 The operation of markets and market failure Monday 16 May 2016 Morning

More information

Applied Business (JUN10BS1101) General Certificate of Education Advanced Level Examination June The Marketing Environment TOTAL

Applied Business (JUN10BS1101) General Certificate of Education Advanced Level Examination June The Marketing Environment TOTAL Centre Number Candidate Number For Examiner s Use Surname Other Names Candidate Signature Examiner s Initials Applied Business General Certificate of Education Advanced Level Examination June 2010 BS11

More information

Business Studies BUSS1 (JUN15BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business

Business Studies BUSS1 (JUN15BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Business Studies General Certificate of Education Advanced Subsidiary Examination

More information

AS ENVIRONMENTAL STUDIES

AS ENVIRONMENTAL STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ENVIRONMENTAL STUDIES Unit 2 The Physical Environment Wednesday 25 May 2016 Afternoon Time

More information

Business Studies BUSS2. (JAn12BUSS201) General Certificate of Education Advanced Subsidiary Examination January Managing a Business TOTAL

Business Studies BUSS2. (JAn12BUSS201) General Certificate of Education Advanced Subsidiary Examination January Managing a Business TOTAL Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination January 2012 Question 1 2

More information

Level 3 Certificate MATHEMATICAL STUDIES

Level 3 Certificate MATHEMATICAL STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature _ Level 3 Certificate MATHEMATICAL STUDIES Paper 2B Critical path and risk analysis Wednesday

More information

Applied Business (JAN10BS0301) General Certificate of Education Advanced Subsidiary Examination January Financial Planning and Monitoring

Applied Business (JAN10BS0301) General Certificate of Education Advanced Subsidiary Examination January Financial Planning and Monitoring Centre Number Candidate Number For Examiner s Use Surname Other Names Candidate Signature Examiner s Initials Applied Business Unit 3 General Certificate of Education Advanced Subsidiary Examination January

More information

Applied Business (Double Award)

Applied Business (Double Award) Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark General Certificate of Secondary Education June 2012 Applied Business 413007

More information

AS GOVERNMENT AND POLITICS

AS GOVERNMENT AND POLITICS AS GOVERNMENT AND POLITICS Unit 2 Governing Modern Britain Thursday 8 June 2017 Afternoon Time allowed: 1 hour 30 minutes Materials For this paper you must have: an AQA 12-page answer book. Instructions

More information

Functional Skills Certificate FUNCTIONAL ENGLISH

Functional Skills Certificate FUNCTIONAL ENGLISH Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature Functional Skills Certificate FUNCTIONAL ENGLISH Component 1 Reading Level 1 Thursday 9 November

More information

Business Studies BUSS1 (JUN09BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business

Business Studies BUSS1 (JUN09BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination June 2009 Question 1 2 Mark

More information

AS GOVERNMENT AND POLITICS

AS GOVERNMENT AND POLITICS AS GOVERNMENT AND POLITICS Unit 2 Governing Modern Britain Thursday 9 June 2016 Afternoon Time allowed: 1 hour 30 minutes Materials For this paper you must have: an AQA 12-page answer book. Instructions

More information

AS ENVIRONMENTAL SCIENCE

AS ENVIRONMENTAL SCIENCE SPECIMEN MATERIAL Please write clearly, in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ENVIRONMENTAL SCIENCE Paper 1 Date of Exam Morning Time allowed: 3 hours

More information

AS BIOLOGY BIOL2. Unit 2 The variety of living organisms. Afternoon. (JUN16BIOL201) WMP/Jun16/E5

AS BIOLOGY BIOL2. Unit 2 The variety of living organisms. Afternoon. (JUN16BIOL201) WMP/Jun16/E5 Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS BIOLOGY Unit 2 The variety of living organisms Tuesday 7 June 2016 Afternoon Time allowed:

More information

Thursday 26 May 2016 Afternoon Time allowed: 1 hour 30 minutes

Thursday 26 May 2016 Afternoon Time allowed: 1 hour 30 minutes Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS BIOLOGY Paper 1 Thursday 26 May 2016 Afternoon Time allowed: 1 hour 30 minutes Materials

More information

A-level BIOLOGY. Paper 3. Monday 26 June 2017 Morning Time allowed: 2 hours. *Jun *

A-level BIOLOGY. Paper 3. Monday 26 June 2017 Morning Time allowed: 2 hours. *Jun * Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature A-level BIOLOGY Paper 3 Monday 26 June 2017 Morning Time allowed: 2 hours Materials For this

More information

Applied Business BS04 (JUN15BS0401) General Certificate of Education Advanced Subsidiary Examination June Meeting Customer Needs TOTAL

Applied Business BS04 (JUN15BS0401) General Certificate of Education Advanced Subsidiary Examination June Meeting Customer Needs TOTAL Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Applied Business Unit 4 Meeting Customer Needs General Certificate of Education

More information

GCE. AS and A Level. Business Studies. AS exams 2009 onwards A2 exams 2010 onwards. Unit 2: Specimen question paper. Version 1.3

GCE. AS and A Level. Business Studies. AS exams 2009 onwards A2 exams 2010 onwards. Unit 2: Specimen question paper. Version 1.3 GCE AS and A Level Business Studies AS exams 2009 onwards A2 exams 2010 onwards Unit 2: Specimen question paper Version 1.3 This page has been left blank VERSION 1.3 Surname Other Names For Examiner s

More information

4130/01. Business Subjects and Economics. Unit 1 Setting up a Business. General Certificate of Secondary Education Specimen Paper. Written Paper TOTAL

4130/01. Business Subjects and Economics. Unit 1 Setting up a Business. General Certificate of Secondary Education Specimen Paper. Written Paper TOTAL Centre Number Surname Other Names Candidate Number For Examiner s Use Examiner s Initials Candidate Signature Business Subjects and Economics Unit 1 Setting up a Business Written Paper General Certificate

More information

Unit 2 Part 2 Data Response: The National Economy

Unit 2 Part 2 Data Response: The National Economy General Certificate of Education June 2005 Advanced Subsidiary Examination ECONOMICS ECN2/2 Unit 2 Part 2 Data Response: The National Economy Friday 10 June 2005 Afternoon Session In addition to this paper

More information

Specimen 2014 Morning 2 hours

Specimen 2014 Morning 2 hours SPECIMEN MATERIAL A-level Business 7132/2 Paper 2 Business 2 Specimen 2014 Morning 2 hours Materials For this paper you must have: a calculator. Instructions Use black ink or black ball-point pen. Fill

More information

Business Studies BUSS1. (JUn10BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business

Business Studies BUSS1. (JUn10BUSS101) General Certificate of Education Advanced Subsidiary Examination June Planning and Financing a Business Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination June 2010 Question 1 2 Mark

More information

Time allowed: the total time for papers ECN2/1 and ECN2/2 together is 1 hour

Time allowed: the total time for papers ECN2/1 and ECN2/2 together is 1 hour General Certificate of Education June 2008 Advanced Subsidiary Examination ECONOMICS Unit 2 Part 2 ECN2/2 Data Response: The National Economy Wednesday 4 June 2008 1.30 pm to 2.30 pm For this paper you

More information

Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878 Unit 1: The business environment

Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878 Unit 1: The business environment Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878 Unit 1: The business environment Thursday 18 May 2017 Afternoon Time allowed: 2 hours You must have: a clean copy of the pre-release

More information

Information and Communication

Information and Communication Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Level Examination January 2012 Information and Communication

More information

2017 Accounting. Higher. Finalised Marking Instructions

2017 Accounting. Higher. Finalised Marking Instructions National Qualifications 2017 2017 Accounting Higher Finalised Marking Instructions Scottish Qualifications Authority 2017 The information in this publication may be reproduced to support SQA qualifications

More information

Wednesday 25 May 2016 Afternoon Time allowed: 1 hour 30 minutes

Wednesday 25 May 2016 Afternoon Time allowed: 1 hour 30 minutes Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE SCIENCE A 2 Higher Tier Unit 6 H Wednesday 25 May 2016 Afternoon Time allowed: 1 hour

More information

Write your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc.

Write your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc. Series 3 Examination 2007 COST ACCOUNTING Level 3 Monday 11 June Subject Code: 3016 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal marks. Write your answers

More information

Business Studies BUSS2. (JUn12BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL

Business Studies BUSS2. (JUn12BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination June 2012 Question 1 2 Mark

More information

Business Studies BUSS2 (JUN09BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL

Business Studies BUSS2 (JUN09BUSS201) General Certificate of Education Advanced Subsidiary Examination June Managing a Business TOTAL Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination June 2009 Question 1 2 Mark

More information

Cost Accounting. Multiple Choice Questions:

Cost Accounting. Multiple Choice Questions: Multiple Choice Questions: 1- The Value Chain a- Involves external companies as well as internal activities. b- Is the sequence of business functions in which customer usefulness is added to products or

More information

*GBS21* *20GBS2101* Business Studies. Unit 2. Business Development [GBS21] MONDAY 2 JUNE, MORNING *GBS21* TIME 1 hour 40 minutes.

*GBS21* *20GBS2101* Business Studies. Unit 2. Business Development [GBS21] MONDAY 2 JUNE, MORNING *GBS21* TIME 1 hour 40 minutes. Centre Number Candidate Number General Certificate of Secondary Education 2014 Business Studies Unit 2 Business Development *GBS21* [GBS21] *GBS21* MONDAY 2 JUNE, MORNING TIME 1 hour 40 minutes. INSTRUCTIONS

More information

A-level ENVIRONMENTAL STUDIES

A-level ENVIRONMENTAL STUDIES Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature A-level ENVIRONMENTAL STUDIES Unit 3 Energy Resources and Environmental Pollution Friday 9

More information

(JUN10GEOG101) S /Jun10/GEOG1 6/6/6 GEOG1. General Certificate of Education Advanced Subsidiary Examination June 2010

(JUN10GEOG101) S /Jun10/GEOG1 6/6/6 GEOG1. General Certificate of Education Advanced Subsidiary Examination June 2010 Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Geography General Certificate of Education Advanced Subsidiary Examination June

More information

(JUN10GEOG101) S /Jun10/GEOG1 6/6/6 GEOG1. General Certificate of Education Advanced Subsidiary Examination June 2010

(JUN10GEOG101) S /Jun10/GEOG1 6/6/6 GEOG1. General Certificate of Education Advanced Subsidiary Examination June 2010 Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Geography General Certificate of Education Advanced Subsidiary Examination June

More information

COST SHEET. Samir K Mahajan

COST SHEET. Samir K Mahajan COST SHEET Samir K Mahajan COMPONENTS OF TOTAL COST Prime cost: It is the aggregate of direct material cost, direct labour cost and direct expenses. Prime cost or Direct cost = Direct materials + Direct

More information

Monday 14 June 2004 (afternoon) EXAMINATION. Time allowed 3 hours plus 15 minutes reading time

Monday 14 June 2004 (afternoon) EXAMINATION. Time allowed 3 hours plus 15 minutes reading time NVQ/SVQ Level 3 in Accounting Recording and Evaluating Costs and Revenues (ECR) (2003 standards) Monday 14 June 2004 (afternoon) EXAMINATION Time allowed 3 hours plus 15 minutes reading time Please complete

More information

Standard Costing and Variance Analysis

Standard Costing and Variance Analysis 5 Standard Costing and Variance Analysis Standard Costing and Variance Analysis 5 LEARNING OUTCOMES After completing this chapter, you should be able to: explain the difference between ascertaining costs

More information

P2 Performance Management

P2 Performance Management Performance Pillar P2 Performance Management Examiner s Answers SECTION A Answer to Question One (a) The standard cost of the actual hours worked was 3,493-85 = 3,408. At 12 per hour the actual hours worked

More information

Time allowed: 1 hour 45 minutes

Time allowed: 1 hour 45 minutes SPECIMEN MATERIAL Please write clearly, in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE ECONOMICS Paper 1 How markets work Specimen Time allowed: 1 hour 45

More information

Business Studies

Business Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark General Certificate of Secondary Education June 2013 Business Studies 413002

More information

General Certificate of Education Advanced Level Examination January 2012

General Certificate of Education Advanced Level Examination January 2012 General Certificate of Education Advanced Level Examination January 2012 Business Studies BUSS3 Unit 3 Strategies for Success Thursday 26 January 2012 9.00 am to 10.45 am For this paper you must have:

More information

ERRATUM NOTICE ERRATUM NOTICE

ERRATUM NOTICE ERRATUM NOTICE ERRATUM NOTICE General Certificate of Education Advanced Subsidiary Examination January 2011 Environmental Studies ENVS1 Unit 1 The Living Environment Wednesday 12 January 2011 1.30 pm to 2.30 pm Instructions

More information

SCB1FP. (Jun15SCB1FP01) General Certificate of Secondary Education Foundation Tier June 2015 TOTAL. Time allowed 1 hour

SCB1FP. (Jun15SCB1FP01) General Certificate of Secondary Education Foundation Tier June 2015 TOTAL. Time allowed 1 hour Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Science B General Certificate of Secondary Education Foundation Tier June 2015

More information

Environmental Studies

Environmental Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark Environmental Studies Unit 1 The Living Environment Wednesday 13 May 2015 You

More information

Environmental Studies

Environmental Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Environmental Studies Unit 2 The Physical Environment Tuesday 18 January 2011 You will need

More information

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level *9514024192* BUSINESS 9609/33 Paper 3 Case Study May/June 2017 3 hours No Additional Materials are required.

More information

Friday 17 June 2016 Morning

Friday 17 June 2016 Morning Oxford Cambridge and RSA Friday 17 June 2016 Morning A2 GCE ACCOUNTING F014/01 Management Accounting *5858959072* Candidates answer on the Question Paper. OCR supplied materials: Resource Booklet (F014/01/RB)

More information

ECN1/2. General Certificate of Education June 2007 Advanced Subsidiary Examination. Data Response: Markets and Market Failure

ECN1/2. General Certificate of Education June 2007 Advanced Subsidiary Examination. Data Response: Markets and Market Failure General Certificate of Education June 2007 Advanced Subsidiary Examination ECONOMICS Unit 1 Part 2 ECN1/2 Data Response: Markets and Market Failure Friday 8 June 2007 1.30 pm to 2.30 pm For this paper

More information

Business and Communication Systems

Business and Communication Systems Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark General Certificate of Secondary Education January 2012 Business and Communication

More information

A-level ECONOMICS 7136/1. Paper 1 Markets and market failure. Tuesday 6 June 2017 Afternoon Time allowed: 2 hours

A-level ECONOMICS 7136/1. Paper 1 Markets and market failure. Tuesday 6 June 2017 Afternoon Time allowed: 2 hours A-level ECONOMICS Paper 1 Markets and market failure Tuesday 6 June 2017 Afternoon Time allowed: 2 hours Materials For this paper you must have: an AQA 12-page answer book a calculator. Instructions Use

More information

PRACTICE EXAM PAPER. AQA A Level Business. Question Paper Paper 1 Business 1

PRACTICE EXAM PAPER. AQA A Level Business. Question Paper Paper 1 Business 1 PRACTICE EXAM PAPER AQA A Level Business Question Paper Paper 1 Business 1 AQA A Level Business Paper 1 Business 1 Practice Exam Paper 2 hours Materials For this paper you must have: h a calculator Instructions

More information

Environmental Studies

Environmental Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Environmental Studies Unit 2 The Physical Environment Thursday 19 May 2011 You will need no

More information

Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes

Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes Oxford Cambridge and RSA AS Level in Business H031/01 The local business environment Thursday 19 May 2016 Afternoon Time allowed: 1 hour 30 minutes * 5 9 7 6 4 0 3 7 3 6 * You must have: the Resource Booklet

More information

Applied Business BS03 (JAN13BS0301) General Certificate of Education Advanced Subsidiary Examination January Financial Planning and Monitoring

Applied Business BS03 (JAN13BS0301) General Certificate of Education Advanced Subsidiary Examination January Financial Planning and Monitoring Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Applied Business General Certificate of Education Advanced Subsidiary Examination January 2013

More information

CERTIFICATE IN MANAGEMENT ACCOUNTING

CERTIFICATE IN MANAGEMENT ACCOUNTING Series 3 Examination 2012 CERTIFICATE IN MANAGEMENT ACCOUNTING Level 3 Monday 11 June Subject Code: 3024 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer all 5 questions. All questions carry equal

More information

(JUN11SS0601) General Certificate of Education Advanced Level Examination June Unit Statistics TOTAL.

(JUN11SS0601) General Certificate of Education Advanced Level Examination June Unit Statistics TOTAL. Centre Number Candidate Number For Examiner s Use Surname Other Names Candidate Signature Examiner s Initials Statistics Unit Statistics 6 Wednesday 22 June 2011 General Certificate of Education Advanced

More information

P2 Performance Management

P2 Performance Management DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO Performance Pillar P2 Performance Management 21 November 2012 Wednesday Afternoon Session Instructions to candidates You are allowed three hours

More information

Wednesday 11 January 2017 Afternoon Time allowed: 1 hour 30 minutes

Wednesday 11 January 2017 Afternoon Time allowed: 1 hour 30 minutes Level 3 Cambridge Technical in IT 05838/05839/05840/05841/05842/05877 Unit 2: Global information Wednesday 11 January 2017 Afternoon Time allowed: 1 hour 30 minutes You must have: Insert (C386) INSTRUCTIONS

More information

Environmental Studies

Environmental Studies Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials Question Mark A Environmental Studies Unit 2 The Physical Environment Wednesday 20 May 2015

More information

Candidate number. Centre number

Candidate number. Centre number Oxford Cambridge and RSA AS Level Business H031/02 The wider business environment Friday 26 May 2017 Afternoon Time allowed: 1 hour 30 minutes *6694404375* You must have: the Resource Booklet You may use:

More information

Paper F5. Performance Management. Monday 9 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants

Paper F5. Performance Management. Monday 9 June Fundamentals Level Skills Module. The Association of Chartered Certified Accountants Fundamentals Level Skills Module Performance Management Monday 9 June 2008 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Do NOT

More information

SECTION I. Sh ,000 10,200 16,680 14,000 2,600 4,200 13,300 2,520 1,600 10,500 12, ,000

SECTION I. Sh ,000 10,200 16,680 14,000 2,600 4,200 13,300 2,520 1,600 10,500 12, ,000 QUESTION ONE SECTION I Wangu Manufacturing Company Ltd. is located at the industrial area in Nairobi. The company uses four different machine groups, A, B, C and D in its manufacturing process. The overhead

More information

Science: Double Award

Science: Double Award Centre Number Candidate Number For Examiner s Use Surname Other Names Candidate Signature Examiner s Initials AQA Level 1/2 Certificate Higher Tier June 2015 Science: Double Award Chemistry Paper 2H Tuesday

More information

Pre-typeset final version

Pre-typeset final version Pearson LCCI Level 2 Certificate in Cost Accounting Examination Paper Sample assessment material for first teaching January 2015 Time: 2 hour 30 minutes You do not need any other materials. Total Marks

More information

Paper T4. Accounting for Costs. Thursday 10 December Certified Accounting Technician Examination Intermediate Level

Paper T4. Accounting for Costs. Thursday 10 December Certified Accounting Technician Examination Intermediate Level Certified Accounting Technician Examination Intermediate Level Accounting for Costs Thursday 10 December 2009 Time allowed: 2 hours This paper is divided into two sections: Section A ALL 20 questions are

More information

Time allowed: the total time for papers ECN1/1 and ECN1/2 together is 1 hour

Time allowed: the total time for papers ECN1/1 and ECN1/2 together is 1 hour General Certificate of Education January 2008 Advanced Subsidiary Examination ECONOMICS ECN1/2 Unit 1 Part 2 Data Response: Markets and Market Failure Thursday 17 January 2008 9.00 am to 10.00 am For this

More information

Study the REQUIRED section of each question carefully and extract the data required for your answers from the information supplied.

Study the REQUIRED section of each question carefully and extract the data required for your answers from the information supplied. Series 4 Examination 2009 COST ACCOUNTING Level 3 Wednesday 25 November Subject Code: 3717/S Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer all 5 questions. All questions carry equal marks. Study

More information

P2 Performance Management

P2 Performance Management DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO Performance Pillar P2 Performance Management 20 November 2013 Wednesday Afternoon Session Instructions to candidates You are allowed three hours

More information

Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878

Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878 Level 3 Cambridge Technical in Business 05834/05835/05836/05837/05878 Unit 1: The business environment Tuesday 10 January 2017 Afternoon Time allowed: 2 hours You must have: a clean copy of the research

More information

Overheads/Job and Batch Costing. RST Ltd. has two production departments Machining and Finishing. There are three service

Overheads/Job and Batch Costing. RST Ltd. has two production departments Machining and Finishing. There are three service CA R. K. Mehta Overheads/Job and Batch Costing CA Past Years Exam Question Question : 1 Nov, 2006 RST Ltd. has two production departments Machining and Finishing. There are three service departments Human

More information

GCSE GEOGRAPHY SPECIFICATION B

GCSE GEOGRAPHY SPECIFICATION B Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature GCSE GEOGRAPHY SPECIFICATION B Foundation Tier Unit 2 Hostile world and Investigating the

More information

COST OF GOODS MANUFACTURED & SOLD STATEMENT

COST OF GOODS MANUFACTURED & SOLD STATEMENT COST OF GOODS MANUFACTURED & SOLD STATEMENT In order to understand the financial and cost statement of a concern we should clear about the procedure adopted by trading concern and manufacturing concern

More information

Time allowed: 1 hour 30 minutes

Time allowed: 1 hour 30 minutes SPECIMEN ASSESSMENT MATERIAL GCSE GEOGRAPHY Paper 2 Challenges in the human environment Specimen Materials For this paper you must have: a pencil a ruler. Time allowed: 1 hour 30 minutes Instructions Use

More information

Paper Reference. Paper Reference(s) 4330/03 Edexcel IGCSE. Tuesday 23 November 2010 Afternoon Time: 1 hour

Paper Reference. Paper Reference(s) 4330/03 Edexcel IGCSE. Tuesday 23 November 2010 Afternoon Time: 1 hour Centre No. Candidate No. Paper Reference 4 3 3 0 0 3 Surname Signature Paper Reference(s) 4330/03 Edexcel IGCSE Business Studies Paper 3 COMMON Tuesday 23 November 2010 Afternoon Time: 1 hour Initial(s)

More information

Physics B: Physics in Context PHYB2

Physics B: Physics in Context PHYB2 Centre Number Surname Candidate Number For Examiner s Use Other Names Candidate Signature Examiner s Initials General Certificate of Education Advanced Subsidiary Examination January 2009 Physics B: Physics

More information

Pre-typeset final version

Pre-typeset final version Pearson LCCI Level 3 Certificate in Cost and Management Accounting Examination Paper Sample assessment material for first teaching January 2015 Time: 3 hours You do not need any other materials. Total

More information

Specimen Paper. Science B (Science in Context) Unit 2 My Family and Home. General Certificate of Secondary Education Higher Tier.

Specimen Paper. Science B (Science in Context) Unit 2 My Family and Home. General Certificate of Secondary Education Higher Tier. Specimen Paper Centre Number Candidate Number For Examiner s Use Surname Other Names Examiner s Initials Candidate Signature Question Mark General Certificate of Secondary Education Higher Tier Specimen

More information

Institute of Certified Management Accountants of Sri Lanka Operational Level November 2015 Examination

Institute of Certified Management Accountants of Sri Lanka Operational Level November 2015 Examination Copyright Reserved Serial No Institute of Certified Management Accountants of Sri Lanka Operational Level November 2015 Examination Examination Date : 21 st November 2015 Number of Pages : 06 Examination

More information

Level 3 Accounting, 2005

Level 3 Accounting, 2005 For Supervisor s 3 9 0 5 0 2 Level 3 Accounting, 2005 90502 Process financial information for a manufacturing job cost subsystem Credits: Three 2.00 pm Tuesday 22 November 2005 Check that the National

More information