PWN! I'IFIITIIBIR UITIVERSITY. Sheehama, K.G.H. QUALIFICATION: COMMERCIAL ADVANCED TRAINING SCHEME (CATS) QUALIFICATION CODE: VARIOUS LEVEL: 5
|
|
- Meagan Hill
- 5 years ago
- Views:
Transcription
1 .. v I, I I. r 1... I. IIFIITIIBIR UITIVERSITY 0F SCIEIICE FIIID TECHI IOLOGY CENTRE FOR ENTREPRENEURIAL DEVELOPMENT QUALIFICATION: COMMERCIAL ADVANCED TRAINING SCHEME (CATS) QUALIFICATION CODE: VARIOUS LEVEL: 5 COURSE CODE: PRCleS SESSION: NOVEMBER EXAMINATION 2017 COURSE NAME: PRACTICAL COSTING 2A PAPER: THEORY DURATION: 3 HOURS MARKS: 100 FIRST OPPORTUNITY EXAMINATION QUESTION PAPER EXAMINER Sheehama, K.G.H. MODERATOR: Namwandi, H. PWN! INSTRUCTIONS This examination paper is made up of five (5) questions Answer ALL the questions and in blue or black ink Start each question on a new page in your answer booklet & show all your workings Questions relating to this examination may be raised in the initial 30 minutes after the start of the paper. Thereafter, candidates must use their initiative to deal with any perceived error or ambiguities & any assumption made by the candidate should be clearly stated. PERMISSIBLE MATERIALS 1. Test question paper 2. Test script 3. Non programmable calculator THIS QUESTION PAPER CONSISTS OF 7 PAGES (Excluding this front page)
2 QUESTION 1 (30 marks) Each question has only one correct answer and all questions are of equal value. Write down the answer in your examination script. 1. A machine cost that would normally form part of the prime cost of production is: moow> Repairs and maintenance of machines Petrol, oil and other lubricants Depreciation on machines Operator s cost None of the above 2. E00 seeks to achieve optimally balance, since placing a few large orders would result in... and placing many small orders would result in... F1905? high inventory ordering costs but in low inventory carrying costs. high inventory carrying costs but in high inventory ordering costs. A and B. B and A. None of the above 3. Which of the following states how a fixed cost behaves as volume changes? P1909? remains constant in total and remains constant per unit remains constant in total and changes per unit changes in total and remains constant per unit changes in total and changes per unit 4. Indirect materials are manufacturing overhead because ITS-709? it is easy to determine how much is used to make one product they are so insignificant that you don t have to use them to make the product they are difficult to track and a necessary cost to make the product they are expensed as incurred 5. The cost of windows to a homebuilder would be what type of cost? A period, direct materials B period, indirect materials C. product, direct materials D product, indirect materials E.
3 6. Prime costs to homebuilder would consist of F1909? wood in a table and the cleaner that makes the cleaning wood in a table and the cost of utilities at the plant the supervisors salary and the worker that makes the table the steel tubing in the table and the worker that makes the table 7. Thataone Ltd supplied the following information: LIE Direct labour Factory supervisor s salary Indirect labour 6000 Sales office expenses Indirect material Administrative office rent Factory insurance Depreciation of factory equipment The amount of non-manufacturing/period cost was: A. N B. N$ C. N D. N$ E. 8. The BB Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on materials cost in Dept. A and on machine hours in Dept. B. At the beginning of the year, the company made the following estimates: LEM DEM Direct materials cost N$ N$ Manufacturing overhead Direct labour hours Machine hours What predetermined overhead rates would be used in Dept A and Dept B, respectively? F1909? N512 and 110% 250% and N$ % and N$ % and N$5.00
4 9. Cake-makers Ltd has been using an overhead absorption rate per machine hour. At the beginning of the year, machine hours estimated. During the year, the company incurred N in actual manufacturing overheads and. Overhead costs applied to production was over-applied of N What was the amount of applied manufactured overheads for the period? F1909? N N$ N N A Company uses a predetermined overhead rate based on direct labour hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be N and direct labour hours would be The actual figures for the year were N for manufacturing overhead and direct labour hours. What was the amount of applied manufactured overheads for the period? W909? N N N N The following information refers to questions 1.11 and 1.12: Breyton Ltd supplied the following figures for the past month: Direct material used Direct labour paid Factory overheads absorbed Marketing and administrative costs paid Units sold Units produced N N N N units units 1.11 The prime cost of the company for the past month was: ? N in total and N53.00 per unit N in total and N53.20 per unit N in total and N54.50 per unit N in total and N53.00 per unit 1.12 The amount of N for the past month represents the company s: A. Prime cost B. Conversion cost C. Cost of goods manufactured
5 D. Cost of goods sold E. None of the above 1.13 The following overheads should not be allocated on the basis of number of employees: Canteen costs P ? none Supervisory costs Light and heat costs Occupational health department costs of the above The following information refers to Questions 1.14 and 1.15: Production cost centres Service cost centre Details Cost centre 1 Cost centre 2 Cost centre 3 Staff Training Budgeted overheads N N N N Number of employees Number of machine hours When the secondary apportionment of the overheads of the service cost centre is done based on number of employees, the amount to be apportioned to Cost centre 1 is: W095? N N N N The manufacturing overhead absorption rate for Cost centre 1 is: {TMUCPUP N52.68 per machine hour N52.76 per machine hour N53.76 per machine hour N52.70 per machine hour
6 QUESTION 2 (17 Marks) Use the following information to answer the next questions. On 31 May 2017 KK Co. has 40 units of inventory costing N$5.00 per unit on hand. During March, the following inventory purchases were made: Date Units June 2 60 June June Issues made to customers were as follow: 0 3 June: Dispatched 70 units. a 15 June: Dispatched 110 units June: Dispatched 50 units. REQUIRED: 1. Record the above movement of inventory in the store ledger card of KK Co. by using the FIFO method; and determine the closing inventory value. 2. Calculate the gross profit of KK Co. Assume that the selling price is N515 per. (12) (5) QUESTION 3 5 Steel Wages of welders Salary of factory supervisor Commission paid to sales consultants Wood Cleaning material used in office building Depreciation on plant and equipment Wages of machine operators Interest paid on bank overdraft Depreciation of office building (15 Marks) REQUIRED: Calculate the following: 3.1 Prime costs (5) 3.2 Conversion costs (5) 3.3 Total Period costs (5)
7 QUESTION 4 (16 marks) Karas CC supplied the following details regarding raw material F901/S: Normal usage per week Minimum delivery time Maximum delivery time 500 units 2 weeks 4 weeks Cost to place an order N$4O Purchase price per unit N$18 Carrying cost per unit per year N$2 Production weeks per annum 50 Reguired: Calculate the following inventory levels: 4.1 Economic order quantity (4) 4.2 Re-order level (3) 4.3 Minimum level (3) 4.4 Maximum level (3) 4.5 Average level (3) QUESTION 5 (22 marks) NamChina Ltd has two production cost centers: A and B, and one service cost center, Canteen. The budgeted overhead expenditure for the year to 31 December 2016 is as follows: TOTAL Cost centre A Cost centre B Canteen NS NS NS N$ Indirect Labour Indirect material Repair in Canteen equipments Depreciation on building Supervision s wages Power The following information is also available: Cost centre A Cost centre B Canteen Floor area (sq metres) Value of Building NS Number of employees Kilowatt hours Direct materials (NS) Direct labour cost (NS) Maintenance hours Direct labour hours Machine hours
8 REQUIRED: 5.1 Prepare a statement showing the allocation of each overhead item between three departments. Show the basis of apportionment for each overhead. (16) 5.2 Re-allocate the service centre budgeted overheads cost to the production centres on the basis of budgeted direct material cost. (2) 5.3 Calculate the labour hour overhead absorption rate for the Cost Centre A and a machine hour overhead absorption rate for the Cost centre B. (4) END OF THE QUESTION PAPER
COURSE NAME: BUSINESS ACCOUNTING lb PAPER: THEORY
nnmibin UI'IIVERSITY OF SCIENCE nnd TECHNOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING, ECONOMICS AND FINANCE QUALIFICATION: VARIOUS PROGRAMMES QUALIFICATION CODE: VARIOUS LEVEL: 5 COURSE
More informationnamibia UniVERSITY OF SCIEnCE AnD TECHnOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING, ECONOMICS & FINANCE
namibia UniVERSITY OF SCIEnCE AnD TECHnOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING, ECONOMICS & FINANCE QUALIFICATION: BACHELOR OF ECONOMICS AND BACHELOR OF BUSINESS ADMINISTRATION QUALIFICATION
More informationFinal Examination Semester 2 / Year 2011
Southern College Kolej Selatan 南方学院 Final Examination Semester 2 / Year 2011 COURSE : BASIC COSTING COURSE CODE : ACCT2013 TIME : 2 1/2 HOURS DEPARTMENT : FINANCE AND ACCOUNTING LECTURER : GAN HWI SIN
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level *7802200239* ACCOUNTING 9706/22 Paper 2 Structured Questions May/June 2012
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
*1440226124* Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/22 Paper 2 Structured Questions October/November 2014 1 hour 30 minutes
More informationDate: Duration: Total marks:
POLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES DEPARTMENT: ACCOUNTING, ECONOMICS & FINANCE BACHELOR OF ACCOUNTING COST & MANAGEMENT ACCOUNTING 201 (CMA 611 S) FIRST OPPORTUNITY EXAMINATION QUESTION
More informationLU4: Accounting for Overhead
LU4: Accounting for Overhead Contents Introduction Applied manufacturing overheads Allocation of manufacturing overheads Learning objectives Define overhead costs Distinguish between manufacturing and
More informationExaminations for Academic Year Semester I / Academic Year 2015 Semester II. 1. This question paper consists of Section A and Section B.
PROGRAMME COHORT BSc (Hons) Human Resource Management BSc (Hons) Management BHRM/14B/FT BMAN/15A/FT B1, B2 Examinations for Academic Year 2015 2016 Semester I / Academic Year 2015 Semester II MODULE: COST
More information99 1! I'IFIITIIBIFI UNIVERSITY EXAMINER(S) clearly stated. perceived error or ambiguities & any assumption made by the candidate should be
I I'IFIITIIBIFI UNIVERSITY OF SCIENCE nnd TECHI IOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING, ECONOMICS AND FINANCE QUALIFICATION: BACHELOR OF TECHNOLOGY IN ACCOUNTING QUALIFICATION CODE:
More informationMonday 29 November 2004 (afternoon) EXAMINATION
NVQ/SVQ Level 3 in Accounting Recording and Evaluating Costs and Revenues (ECR) (2003 standards) Monday 29 November 2004 (afternoon) EXAMINATION Time allowed 3 hours plus 15 minutes reading time Please
More informationWrite your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc.
Series 4 Examination 2008 COST ACCOUNTING Level 3 Tuesday 11 November Subject Code: 3016 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal marks. Write your
More informationABSA 205: Cost and Management Accounting I. Tutorial Exercises. Christos Minas PhD (Cand), FAIA, MSc, BA
ABSA 205: Cost and Management Accounting I Tutorial Exercises Christos Minas PhD (Cand), FAIA, MSc, BA SUBJECT OUTLINE Objectives of the subject The aims of this course are to develop the students understanding
More informationCost Accounting. Level 3. Model Answers. Series (Code 3616) 1 ASE /2/06
Cost Accounting Level 3 Model Answers Series 2 2006 (Code 3616) 1 ASE 3016 2 06 3 3616/2/06 >f0t@w?h2`?[6zbk0j3d# Certificate in Cost Accounting Level 3 - Malaysia Series 2 2006 How to use this booklet
More informationLevel 2 Cost Accounting
Level 2 Cost Accounting Syllabus Effective for examinations to be held after 1 January 2008 ASPE0483 >f0t@wjy9w2`4s3dpd# Vision Statement Our vision is to contribute to the achievements of learners around
More informationWrite your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc.
Series 3 Examination 2008 COST ACCOUNTING Level 3 Friday 6 June Subject Code: 3016 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal marks. Write your answers
More informationCost Accounting. Level 3. Model Answers. Series (Code 3016)
Cost Accounting Level 3 Model Answers Series 4 2007 (Code 3016) Vision Statement Our vision is to contribute to the achievements of learners around the world by providing integrated assessment and learning
More informationMARK SCHEME for the October/November 2014 series 9706 ACCOUNTING
CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the October/November 2014 series 9706 ACCOUNTING 9706/22 Paper 2 (Structured Questions
More informationAnalysing cost and revenues
Osborne Books Tutor Zone Analysing cost and revenues Chapter activities Osborne Books Limited, 2013 2 a n a l y s i n g c o s t s a n d r e v e n u e s t u t o r z o n e 1 An introduction to cost accounting
More information(59) MANAGEMENT ACCOUNTING & BUSINESS FINANCE
All Rights Reserved THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA FINAL EXAMINATION JULY 2013 (59) MANAGEMENT ACCOUNTING & BUSINESS FINANCE Time: 03 hours Instructions to candidates: (1) This
More informationThe budgeted information on the two business opportunities that Green Bush records are currently considering investing in is as follows:
ICB Cost and Management Accounting Playlist Handbook SECTION A: REVISION VIDEO QUESTIONS Break-even analysis The budgeted information on the two business opportunities that Green Bush records are currently
More informationMID TERM EXAMINATION Spring 2010 MGT402- Cost and Management Accounting (Session - 2) Time: 60 min Marks: 47
MID TERM EXAMINATION Spring 2010 MGT402- Cost and Management Accounting (Session - 2) Time: 60 min Marks: 47 Question No: 1 ( Marks: 1 ) - Please choose one Which of the following product cost is Included
More informationI'IHITIIBIFI UNIVERSITY
- The (a I'IHITIIBIFI UNIVERSITY OF SCIEI'ICE HI'ID TECHI'IOLOGY MANAGEMENT SCIENCES ACCOUNTING DEPARTMENT QUALIFICATION : BACHELOR OF ACCOUNTING AND FINANCE QUALIFICATION CODE: ZBBACF LEVEL: 7 COURSE:
More informationMARK SCHEME for the October/November 2015 series 9706 ACCOUNTING
CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the October/November 2015 series 9706 ACCOUNTING 9706/21 Paper 2 (Structured Questions
More informationBPC6C Cost and Management Accounting. Unit : I to V
BPC6C Cost and Management Accounting Unit : I to V UNIT -1 FUNDAMENTALS OF COST ACCOUNTING Nature and scope of Cost Accounting, Distinction between cost and financial accounting, Cost sheet, tenders Characteristics
More informationMARK SCHEME for the October/November 2015 series 9706 ACCOUNTING. 9706/11 Paper 1 (Multiple Choice Core), maximum raw mark 30
CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the October/November 2015 series 9706 ACCOUNTING 9706/11 Paper 1 (Multiple Choice Core),
More informationOsborne Books Tutor Zone. Elements of Costing. Answers to chapter activities
Osborne Books Tutor Zone Elements of Costing Answers to chapter activities Osborne Books Limited, 2016 2 e l e m e n t s o f c o s t i n g t u t o r z o n e 1 The costing system 1.1 (a) and (c) Materials;
More informationManagement Accounting. Sample Paper 1 Questions and Suggested Solutions
Management Accounting Sample Paper 1 Questions and Suggested Solutions NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians Ireland. They are intended to provide guidance
More informationFEEDBACK TUTORIAL LETTER ASSIGNMENT 2 COST AND MANAGEMENT ACCONTING 102 CMA512S
FEEDBACK TUTORIAL LETTER 2 nd SEMESTER 2017 ASSIGNMENT 2 COST AND MANAGEMENT ACCONTING 102 CMA512S 1 COURSE: COST AND MANAGEMENT ACCOUNTING 102 COURSE CODE: CMA512S TUTORIAL LETTER: 01/2017 DATE: 08/2017
More informationBsc (Hons) Tourism and Hospitality Management. Cohort: BTHM/16A/FT. Examinations for 2016/2017 Semester I. & 2016 Semester II
Bsc (Hons) Tourism and Hospitality Management Cohort: BTHM/16A/FT Examinations for 2016/2017 Semester I & 2016 Semester II MODULE: COST AND MANAGEMENT ACCOUNTING MODULE CODE: ACCF 1104A Duration: 2 Hours
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/22 Paper 2 Structured Questions May/June 2018 1 hour 30 minutes Candidates answer on
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/22 Paper 2 Structured Questions May/June 2016 1 hour 30 minutes Candidates answer on
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
*8018806549* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING 9706/02 Paper 2 Structured Questions May/June 2007
More informationINSTRUCTIONS TO CANDIDATES
ADVANCED GCE ACCOUNTING Unit F014: Management Accounting F014 RB RESOURCE BOOKLET To be given to candidates at the start of the examination Duration: 2 hours INSTRUCTIONS TO CANDIDATES The information
More informationTHE MOMBASA POLYTECHNIC UNIVERSITY COLLEGE
THE MOMBASA POLYTECHNIC UNIVERSITY COLLEGE Faculty of Business & Social Studies DEPARTMENT OF BUSINESS STUDIES DIPLOMA IN ACCOUNTANCY I BB21006: COST ACCOUNTING END OF SEMESTER EXAMS SERIES: APRIL/MAY
More informationCost Accounting. Level 3. Model Answers. Series (Code 3016) 1 ASE /2/06
Cost Accounting Level 3 Model Answers Series 3 2007 (Code 3016) 1 ASE 3016 2 06 1 3016/2/06 >f0t@w9w2`?[6zbkbwgc# Cost Accounting Level 3 Series 3 2007 How to use this booklet Model Answers have been developed
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JANUARY 2017 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time Allowed:
More informationFree of Cost ISBN : Appendix. CMA (CWA) Inter Gr. II (Solution upto Dec & Questions of June 2013 included)
Free of Cost ISBN : 978-93-5034-631-0 Appendix CMA (CWA) Inter Gr. II (Solution upto Dec. 2012 & Questions of June 2013 included) Paper - 8 : Cost and Management Accounting Chapter - 3 : Labour Accounting
More informationManagement Accounting. Sample Paper / 2017 Questions and Suggested Solutions
Management Accounting Sample Paper 1 2016 / 2017 Questions and Suggested Solutions NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians Ireland. They are intended to
More informationNational Quali cations SPECIMEN ONLY
N5 S800/75/11 National Quali cations SPECIMEN ONLY Accounting Date Not applicable Duration 2 hours Total marks 130 Section 1 70 marks Attempt BOTH questions. Section 2 60 marks Attempt ALL questions. Write
More informationManagement Accounting
>f0t@wjy2[2`5k2[2h# Management Accounting Level 3 Series 2 2003 (Code 3023) Model Answers ASP M 1445 Management Accounting Level 3 Series 2 2003 How to use this booklet Model Answers have been developed
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JULY 2016 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time Allowed:
More informationCOMMERCE & LAW PROGRAM DIVISION (CLPD) ANSWER KEY TO CS-EXECUTIVE DECEMBER-2014 (ATTEMPT) CODE-C SUBJECT : COST & MANAGEMENT ACCOUNTING
COMMERCE & LAW PROGRAM DIVISION (CLPD) ANSWER KEY TO CS-EXECUTIVE DECEMBER-2014 (ATTEMPT) CODE-C SUBJECT : COST & MANAGEMENT ACCOUNTING 1. If the minimum stock level and average stock level of raw material
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/21 Paper 2 Structured Questions October/November 2017 1 hour 30 minutes Candidates answer
More informationCost Accounting. Level 3. Model Answers. Series (Code 3016)
Cost Accounting Level 3 Model Answers Series 4 2005 (Code 3016) Vision Statement Our vision is to contribute to the achievements of learners around the world by providing integrated assessment and learning
More informationSOLUTIONS TO ASSIGNMENT PROBLEMS. Problem No. 1. Total Amount (Rs.)
Ph: 98851 25025/26 www.mastermindsindia.com 6. OVERHEADS 1 Primary Distribution of Overheads: Item Basis SOLUTIONS TO ASSIGNMENT PROBLEMS Total Amount (Rs.) Problem No. 1 Production Departments Service
More informationPaper 8- Cost Accounting
Paper 8- Cost Accounting Dos, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 8- Cost Accounting Full Marks : 100 Time allowed: 3 hours Section A Question
More informationSUGGESTED SOLUTION IPCC MAY 2017EXAM. Test Code - I M J
SUGGESTED SOLUTION IPCC MAY 2017EXAM COSTING Test Code - I M J 7 1 3 5 BRANCH - (MULTIPLE) (Date : 01.01.2017) Head Office : Shraddha, 3 rd Floor, Near Chinai College, Andheri (E), Mumbai 69. Tel : (022)
More information2016 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL
EXAMINATION NO. 2016 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL FRIDAY 2 DECEMBER 2016 TIME ALLOWED: 3 HOURS 9.00 AM - 12.00 NOON INSTRUCTIONS 1. You are allowed
More informationSERIES 4 EXAMINATION 2005 COST ACCOUNTING LEVEL 3. (Code No: 3016) FRIDAY 11 NOVEMBER
SERIES 4 EXAMINATION 2005 COST ACCOUNTING LEVEL 3 (Code No: 3016) FRIDAY 11 NOVEMBER Instructions to Candidates (a) (b) (c) (d) (e) (f) (g) (h) The time allowed for this examination is 3 hours. Answer
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level. Published
Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/23 Paper 2 Structured Questions (Core) October/November 2016 MARK SCHEME Maximum Mark:
More informationPaper T4. Accounting for Costs. Thursday 9 June Certified Accounting Technician Examination Intermediate Level
ertified ccounting Technician Examination Intermediate Level ccounting for osts Thursday 9 June 2011 Time allowed: 2 hours This paper is divided into two sections: Section LL 20 questions are compulsory
More informationTHURSDAY, 9 MAY 1.00 PM 3.30 PM
X209/12/01 NATIONAL QUALIFICATIONS 2013 THURSDAY, 9 MAY 1.00 PM 3.30 PM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationAnalysing costs and revenues
Osborne Books Tutor Zone Analysing costs and revenues Practice assessment 1 Osborne Books Limited, 2013 2 a n a l y s i n g c o s t s a n d r e v e n u e s t u t o r z o n e This assessment relates to
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
*5783442697* Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/11 Paper 1 Multiple Choice May/June 2017 Additional Materials: Multiple
More informationNational Quali cations 2015
N5 National Quali cations 2015 X700/75/11 Accounting MONDAY, 18 MAY 9:00 AM 10:30 AM Total marks 100 Section 1 60 marks Attempt BOTH questions. Section 2 40 marks Attempt ALL questions. Write your answers
More information$/unit Direct materials 18 Direct labour 12 Total manufacturing overheads 6
Cost Accounting for decision HKDSE (2016, 7) (Limited Company) Anson Company started to manufacture a toy plane, Hippo, as its only product line in 2015. It uses the absorption costing system. The cost
More informationSYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL) Subject: Management Accounting
Sample Questions: Section I: Subjective Questions 1. How does Subsidiary Book help in accounting process? Which subsidiary books are used very frequently? 2. Differentiate between the liabilities and assets.
More information(50 Marks) Date Quantity (Kgs) Rate including Freight(Rs.) Value of Purchases(Rs.) 3 rd March 18 th March 25 th March TOTAL 89,000 54,44,750
INTER CA MAY 2018 Sub: Costing Topics: Contract Costing, Labour Cost Control, Stock Valuation & Control, Reconciliation, Joint product & by product, Absorption Costing, Overheads. Test Code M18 Branch:
More informationSECTION I 14,000 14,200 19,170 10,000 8,000 10,400 12,400 9,600 8,400 11,200 13,600 18,320
QUESTION ONE SECTION I The following budget and actual results relates to Cypo Ltd. for the last three quarters for the year ended 31 March 200. Budget: Quarter 2 Quarter 3 Quarter to 30/9/2003 to 31/12/2003
More informationF2 FIA FMA. ACCA Qualification ACCA. Accounting. December 2012 Examinations. OpenTuition Course Notes can be downloaded FREE from
ACCA Qualification Course NOTES ACCA F2 FIA FMA Management Accounting December 2012 Examinations OpenTuition Course Notes can be downloaded FREE from www.opentuition.com Copyright belongs to OpenTuition.com
More informationLCCI International Qualifications. Cost Accounting Level 3. Model Answers Series (3017)
LCCI International Qualifications Cost Accounting Level 3 Model Answers Series 2 2012 (3017) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Cost
More informationPAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS
PAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS 1. (i) ABC Ltd. had an opening inventory value of 1760 (550 units valued at 3.20 each) on 1 st April 2010. The following
More informationManufacturing Accounts
All questions copyright of Cambridge International Examinations 1 Manufacturing Accounts All questions copyright of Cambridge International Examinations 2 2 1 The following balances were extracted from
More informationAnswer to PTP_Intermediate_Syllabus 2008_Jun2015_Set 1
Paper 8: Cost & Management Accounting Time Allowed: 3 Hours Full Marks: 100 Question No 1 is Compulsory. Answers any five Questions from the rest. Working Notes should form part of the answer. Question.1
More informationRevision of management accounting
1 Revision of management accounting The following topics are covered in this chapter: Standard costing Flexible budgeting Absorption and marginal costing 1.1 STANDARD COSTING LEARNING SUMMARY After studying
More informationPreparing and using budgets
Osborne Books Tutor Zone Preparing and using budgets Chapter activities Osborne Books Limited, 2013 2 p r e p a r i n g a n d u s i n g b u d g e t s t u t o r z o n e 1 The budgeting environment 1.1 Match
More informationB.Com II Cost Accounting
B.Com II Cost Accounting Chapter - 1 Cost Accounting: An Overview of Fundamental Aspects 2009 (1) Discuss the objectives of Cost Accounting. 2011 (1) Discuss importance of cost accounting. 2012 (1) What
More informationPlease spread the word about OpenTuition, so that all ACCA students can benefit.
ACCA COURSE NOTES June 2014 Examinations ACCA F2 FIA FMA Management Accounting Please spread the word about OpenTuition, so that all ACCA students can benefit. ONLY with your support can the site exist
More informationAnswer FOUR questions; THREE questions from Section A and ONE question from section B.
UNIVERSITY OF EAST ANGLIA Norwich Business School UG Main Series Examination 2012-13 MANAGEMENT ACCOUNTING NBS-2F1Y Time allowed: 3 hours Answer FOUR questions; THREE questions from Section A and ONE question
More informationExaminations for Academic Year 2017 Semester I / Academic Year 2016/2017 Semester II
Programme BSc (Hons) Human Resource Management BSc (Hons) Management (L+G+F+M) Diploma in Procurement and Supply Management COHORT BHRM/12B/13B/14B/ 15A/16A/15B/FT/PT BMANG/F/L/M/12B/13A/ 13B/14A/14B/15A/15B/1
More informationINTER CA MAY Test Code M32 Branch: MULTIPLE Date: (50 Marks) Note: All questions are compulsory.
(5 Marks) Note: All questions are compulsory. INTER CA MAY 218 COSTING Topic: Contract Costing, Budgetary Control, Labour, Joint & By- Product, Absorption Costing, Overheads, Integral & Non Integral, Marginal
More informationPOLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES BACHELOR OF ACCOUNTING. MANAGEMENT ACCOUNTING 301/310 (PMA 711 SiGMA 711 S) SECOND OPPORTUNITY
POLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES DEPARTMENT: ACCOUNTING, ECONOMICS & FINANCE BACHELOR OF ACCOUNTING MANAGEMENT ACCOUNTING 301/310 (PMA 711 SiGMA 711 S) SECOND OPPORTUNITY EXAMINATION
More information322 Roll No : 1 : Time allowed : 3 hours Maximum marks : 100
2/2013/CMA (N/S) Roll No : 1 : Time allowed : 3 hours Maximum marks : 100 Total number of questions : 6 Total number of printed pages : 7 NOTE : 1. Answer ALL Questions. 2. All working notes should be
More informationSUGGESTED SOLUTION INTERMEDIATE M 19 EXAM
SUGGESTED SOLUTION INTERMEDIATE M 19 EXAM SUBJECT- COSTING Test Code - PIN 5043 M BRANCH - () (Date :) Head Office : Shraddha, 3 rd Floor, Near Chinai College, Andheri (E), Mumbai 69. Tel : (022) 26836666
More information(50) BASIC ACCOUNTING
All Rights Reserved Time: 03 hours THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA Instructions to candidates FOUNDATION EXAMINATION - JANUARY 2015 (50) BASIC ACCOUNTING (1) This paper consists
More informationRoll No... Total No. of Questions 7 Total No. of Printed Pages - 5 Time Allowed 1.30 Hours Maximum Marks 50 MPS
Roll No... Total No. of Questions 7 Total No. of Printed Pages - 5 Time Allowed 1.30 Hours Maximum Marks 50 MPS Answers to questions are to be given in English except in the case of candidates who have
More informationPlease ensure your answers are written clearly, or marks may be lost. Do NOT open this paper until you are told to do so by the supervisor.
Cost Accounting ASE3017 Level 3 Tuesday 19 November 2013 Time allowed: 3 hours Information There are 5 questions in this examination. Total marks available: 100 All questions carry equal marks. Please
More informationWrite your answers in blue or black ink/ballpoint. You can only use pencil for graphs, charts, diagrams, etc.
Cost Accounting ASE3017 Level 3 Tuesday 6 November 2012 Time allowed: 3 hours Information There are 5 questions in this examination. Total marks available: 100 All questions carry equal marks. Please ensure
More informationPAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I: COST ACCOUNTING QUESTIONS
Material PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I: COST ACCOUNTING QUESTIONS 1. A Ltd. produces a product Exe using a raw material Dee. To produce one unit of Exe, 2 kg of Dee is required.
More informationFMA. Management Accounting. OpenTuition.com ACCA FIA. March/June 2016 exams. Free resources for accountancy students
OpenTuition.com Free resources for accountancy students March/June 2016 exams ACCA FIA F2 FMA Management Accounting Please spread the word about OpenTuition, so that all ACCA students can benefit. ONLY
More informationWORK BOOK COST ACCOUNTING
WORK BOOK COST ACCOUNTING INTERMEDIATE GROUP I PAPER 8 The Institute of Cost Accountants of India (Statutory body under an Act of Parliament) www.icmai.in First Edition : March 2018 Completed by : Academics
More informationMTP_Intermediate_Syl2016_June2018_Set 2 Paper 8- Cost Accounting
Paper 8- Cost Accounting DoS, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Cost Accounting Full Marks: 100 Time allowed: 3 hours Section- A Answer the following
More informationFINALTERM EXAMINATION Fall 2009 MGT402- Cost & Management Accounting (Session - 3) Ref No: Time: 120 min Marks: Total
Student Info FINALTERM EXAMINATION Fall 2009 MGT402- Cost & Management Accounting (Session - 3) Ref No: 1232793 Time: 120 min Marks: 84 ExamDate: 2/22/2010 12:00:00 AM For Teacher's Use Only Q No. 1 2
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JULY 2015 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time: 03
More informationACCOUNTING - HIGHER LEVEL (400 marks)
M.55 ªM.55/ PRE-LEAVING CERTIFICATE EXAMINATION, 2009 ACCOUNTING - HIGHER LEVEL (400 marks) TIME : 3 HOURS This paper is divided into 3 Sections: Section 1: Financial Accounting (120 marks). This section
More informationMONDAY, 18 MAY 9.00 AM AM
X209/12/01 NATIONAL QUALIFICATIONS 2015 MONDAY, 18 MAY 9.00 AM 11.30 AM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationCost Accounting. Level 3. Model Answers. Series (Code 3016)
Cost Accounting Level 3 Model Answers Series 2 2008 (Code 3016) Vision Statement Our vision is to contribute to the achievements of learners around the world by providing integrated assessment and learning
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
*4122114519* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING 9706/21 Paper 2 Structured Questions May/June 2012
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *4718451722* ACCOUNTING 0452/12 Paper 1 May/June 2017 Candidates answer on the Question Paper. No
More informationLCCI International Qualifications. Cost Accounting Level 3. Model Answers Series (3017)
LCCI International Qualifications Cost Accounting Level 3 Model Answers Series 3 2010 (3017) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Cost
More informationINTERMEDIATE EXAMINATION
INTERMEDIATE EXAMINATION GROUP I (SYLLABUS 2012) SUGGESTED ANSWERS TO QUESTIONS DECEMBER 2016 Paper- 8: COST ACCOUNTING AND FINANCIAL MANAGEMENT Time Allowed : 3 Hours Full Marks : 100 The figures in the
More informationMANAGEMENT & COST ACCOUNTING LO 2: BASIC ASPECTS OF COST ACCOUNTING
MANAGEMENT & COST ACCOUNTING LO 2: BASIC ASPECTS OF COST ACCOUNTING LEARNING GOALS After completing this chapter you should be able to; 1) Explain why organizations need to know how much products, processes
More informationDecember CS Executive Programme Module - I Paper - 2
December - 2015 CS Executive Programme Module - I Paper - 2 (New Syllabus) Cost and Management Accounting Total number of questions: 100 Maximum marks: 100 Assertion A: 1. In management accounting, firm
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JANUARY 2019 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time Allowed:
More informationTOPPER S INSTITUTE [COSTING] RTP 16 TOPPER S INSTITUE CA INTER COST MGT. ACCOUNTING - RTP
TOPPER S INSTITUTE [COSTING] RTP 16 TOPPER S INSTITUE CA INTER COST MGT. ACCOUNTING - RTP Q1. is compulsory, Attempt any Five questions from the remaining Six questions Working Notes should form part of
More informationCS Executive Programme Module - I December Paper - 2 : Cost and Management Accounting
ISBN : 978-93-5034-747-8 Solved Scanner Appendix CS Executive Programme Module - I December - 2013 Paper - 2 : Cost and Management Accounting Chapter - 1 : Introduction to Cost and Management Accounting
More informationMGT402 Cost & Management Accounting. Composed By Faheem Saqib MIDTERM EXAMINATION. Spring MGT402- Cost & Management Accounting (Session - 1)
MGT402 Cost & Management Accounting Composed By Faheem Saqib 14 Midterm Papers 3 of 2010 & 11 of 2009 For more Help Rep At Faheem_saqib2003@yahoo.com Faheem.saqib2003@gmail.com 0334-6034849 MIDTERM EXAMINATION
More informationNational Quali cations 2018
N5 X800/75/11 National Quali cations 2018 Accounting FRIDAY, 25 MAY 9:00 AM 11:00 AM Total marks 130 SECTION 1 70 marks Attempt BOTH questions. SECTION 2 60 marks Attempt ALL questions. Write your answers
More informationMIDTERM EXAMINATION Spring 2009 MGT402- Cost & Management Accounting (Session - 2) Question No: 1 ( Marks: 1 ) - Please choose one D Corporation uses process costing to calculate the cost of manufacturing
More informationNP P PS UNI. aniblf- I UNIVERSITY EXAMINER(S) FACULTY OF MANAGEMENT SCIENCES. OF SCIENCE nnd TECHNOLOGY
I, aniblf- I UNIVERSITY OF SCIENCE nnd TECHNOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING, ECONOMICS AND FINANCE QUALIFICATION: BACHELOR OF ACCOUNTING (CHARTERED ACCOUNTANCY) QUALIFICATION
More information