ACCA. Paper F2 and FMA. Management Accounting December 2014 to June Interim Assessment Answers
|
|
- Ashlynn Cross
- 5 years ago
- Views:
Transcription
1 ACCA Paper F2 and FMA Management Accounting December 204 to June 205 Interim Assessment Answers To gain maximum benefit, do not refer to these answers until you have completed the interim assessment questions and submitted them for marking.
2 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING Kaplan Financial Limited, 204 The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials. All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan Publishing. 2 KAPLAN PUBLISHING
3 INTERIM ASSESSMENT ANSWERS SECTION A C EOQ = ((2 30 (5,000 4))/0.92) = 2,500 units 2 B and C 3 B 4 D 5 A Materials inventory account Opening inventory (balancing item) 9 Issued to production 26 Payables for purchases 50 Returned to suppliers 3 Returned to stores 4 Written off 8 Closing inventory 26 6 C 7 A 63 OAR = 76,400/3,600 = 49 Amount absorbed = 49 5,400 = 264,600 Actual overhead (250,400) Over absorbed 4, ,000 Total cost per unit Fixed cost per unit = Variable cost per unit = 43 (60% of 5) = 34 Revenue Variable costs = (50 0,000) (34 0,000) = 60,000 9 A Overhead absorption rate = 5,000/0,000 =.50 per unit Overhead over-absorbed = 2,470 (9,400.50) =,630 0 B KAPLAN PUBLISHING 3
4 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING 3,000 The formula for calculating the fixed cost (a) using linear regression is given to you in the exam: y b x a = n n 20, a = a = 4,000,000 a = 3,000 2 A Variable cost per unit = (89,25 69,750)/(,500 9,000) = ,000 Input = Output + CWIP 0,000 = 7, ,000 EU Material Conversion Output 7,000 7,000 CWIP 3,000,800 Total EU 0,000 8,800 Cost per EU Material = 90,000/0,000 = 9 Conversion = 52,800/8,800 = 6 Value of output = (9 + 6) 7,000 = 05,000 4 A 5 A Marginal costing profit 25,000 2, =,000 Absorption costing profit 26,000 Idle time + General overtime = (5 hrs 2) + ((0 hrs 4 hrs) 6) = 26 6 C Re-order level to ensure that stockouts are avoided = 500 units 2 weeks =,000 units 4 KAPLAN PUBLISHING
5 INTERIM ASSESSMENT ANSWERS 7 A Average inventory = (2,000 units/2) + ((,000 units (300 units 2 weeks)) =,400 units Cost per unit = (8,230 7)/(,700 34) = 4.93 Description Kg s Total cost Process account Description Kg s Total cost Material,700,830 Normal loss 34 7 Labour 2,560 Output,600 7,888 Overheads 3,840 Abnormal loss ,700 8,230,700 8,230 9 A Description Kg s Total cost Abnormal loss account Description Kg s Total cost Abnormal loss Scrap Income statement Re-distribute maintenance: 60% to Assembly. (Ignore Admin as this is not a production cost.) OAR = (90, ,000)/0,000 machine hours = C 2 A Working hours 80% 20.0 hours Idle time 20% 52.5 hours Total hours 00% hours 7.50 =, B Fixed cost = 7,250 Variable cost = = 9,250 Total cost = 6,500 KAPLAN PUBLISHING 5
6 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING 23 D Total joint costs = 2, , ,000 = 24,000 Total sales value Product X = 3,000 7 = 2,000 Product Y = 9,000 5 = 45,000 Joint cost apportioned to Y = 24,000/(2, ,000) 45,000 = 6, A and C 25 B 26 B 27 D Order quantity = 750 Order quantity =, C Order cost 300 2/ Order cost 300 2/, Holding cost /2 84 Holding cost ,000/2 08 Purchase cost ,032 Purchase cost ,87 Total cost 4,200 4,042 Change in cost = 4,200 4,042 = saving of 58. OAR = 375,000/5,000 = per unit Amount absorbed = , ,000 Actual overhead (48,000) Over-absorbed 7,000 6 KAPLAN PUBLISHING
7 INTERIM ASSESSMENT ANSWERS 29 D Normal loss = 0% 400 = 40 litres Actual loss = = 70 litres Abnormal loss = = 30 litres EUs Material Conversion Output Normal loss 0 0 Abnormal loss Cost per EU Material = (400 8)/360 = 8.89 Conversion = 4,800/348 = 3.79 Valuation of output 330 ( ) = 7, B 3 C 32 B 360/ = A and C 34 C OWIP + Input β = Output + CWIP 2,000 +,000 = 9, ,000 EU Material Conversion OWIP to be finished 0,000 Start to Finish 7,000 7,000 CWIP 4,000 2,000 Total EU,000 0,000 KAPLAN PUBLISHING 7
8 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING 35 D Cost per EU Material = 0,46/,000 = 0.95 Conversion = 24,700/0,000 = 2.47 Completed output Completing OWIP =, = 2,470 Completed in period = 7,000 ( ) = 23,947 OWIP b/f costs = 3,583 Valuation = 30,000 8 KAPLAN PUBLISHING
9 INTERIM ASSESSMENT ANSWERS SECTION B ARMADILLO LTD (a) 7,000 50% + 8,000 20% + 7,000 30% = 7,200 (b) 8, = 7,97 (c) 2,000 + (6,000 2) = 2,500 (d) (50,000 20) + (50, ) = 2,850 (a) (b) (c) (d) Total ACCA Marking scheme October receipt November receipt December receipt Identification of November as amount to be paid Correct application of inflation Inclusion of wages Calculation of monthly rent Non-inclusion of depreciation Calculation of monthly lump sum repayments Calculation of interest Marks KAPLAN PUBLISHING 9
10 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING 2 WELLYBOOT MANUFACTURING (a) (b) Production budget Blue boot Red boot Sales volume 850,250 Less: Opening inventory Add: Closing inventory ,520 Production volume (units) 777,55 Raw material purchases budget (litres) Blue boot Red boot Total (litres) Production volume (units) 777,55 Material content per unit 7 litres 8 litres Usage 5,439 9,240 4,679 Less: Opening inventory (2,400) Add: Closing inventory 3,62 Purchases litres of material 5,44 (c) Raw material purchases budget (cost) Purchases 5,44 litres 2 per litre = 85,292 (d) Direct labour budget (standard hours) Blue boot Red boot Total (hours) Production volume (units) 777,55 Standard hours per unit 0 6 Standard hours produced 7,770 6,930 Total hours employed 4,700 Normal hours (30 37 hrs 3) 4,430 Overtime hours KAPLAN PUBLISHING
11 INTERIM ASSESSMENT ANSWERS (e) Direct labour budget (cost) Normal hours 4,430 hours 8/hr 5,440 Overtime 270 hrs 0/hr 2,700 Total direct labour cost 8,40 (a) (b) (c) (d) (e) Calculation of closing finished goods Calculation of production requirement Calculation of usage Calculation of closing raw materials Calculation of purchases in litres Correct answer Calculation of total hours Calculation of overtime hours Correct answer ACCA Marking scheme Marks Total 0 Note: allow follow through marks KAPLAN PUBLISHING
12 ACCA F2 AND FMA: MANAGEMENT ACCOUNTING 3 BAY CLEANING LTD Actual Flexed budget Production and sales volume (drums) 20,000 20,000 Variance F/A Sales 630, ,000 30,000 F Variable costs Materials 264, ,000 2,000 A Labour 94,000 90,000 4,000 A Semi-variable costs Power 83,500 82,000,500 A Water 7,500 7, A Other overheads 2,500 2, A Fixed costs Production 40,000 35,000 5,000 A Administration 30,000 27,500 2,500 A Selling and distribution 3,000 30,000,000 A Operating profit 57,500 54,00 3,400 F 0.5 marks for each correctly entry ACCA Marking scheme Marks 0 2 KAPLAN PUBLISHING
Write 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 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 informationCost Accounting. Level 3. Model Answers. Series (Code 3016) 1 ASE /2/06
Cost Accounting Level 3 Model Answers Series 2 2006 (Code 3016) 1 ASE 3016 2 06 1 3016/2/06 >f0t@w9w2`?[6zbkbwgc# Cost Accounting Level 3 Series 2 2006 How to use this booklet Model Answers have been developed
More informationAnalysing cost and revenues
Osborne Books Tutor Zone Analysing cost and revenues Chapter activities answers 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
More informationWrite your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc.
Series 2 Examination 2008 COST ACCOUNTING Level 3 Tuesday 27 May Subject Code: 3616/M 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) 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(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 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 informationWrite 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 Tuesday 5 June Subject Code: 3716 (S) Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal marks. Write your
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 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 informationVARIANCE ANALYSIS: ILLUSTRATION
VARIANCE ANALYSIS: ILLUSTRATION The following information relates to the production of product Alpha for the month of August Standard Cost Card Budgeted production overhead based on 10,000 units $ $ Selling
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 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 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 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 informationAAT. Costs and revenues. Pocket notes
AAT Costs and revenues Pocket notes Costs and revenues British library cataloguing-in-publication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing
More informationPaper 1.2. Financial Information for Management PART 1 FRIDAY 10 DECEMBER 2004 QUESTION PAPER. Time allowed 3 hours
Financial Information for Management PRT 1 FRIY 10 EEMER 2004 QUESTION PPER Time allowed 3 hours This paper is divided into two sections Section LL 25 questions are compulsory and MUST be answered Paper
More informationCost Accounting Level 3
Cost Accounting Level 3 Model Answers Series 4 2013 (ASE3017) For further information contact us: Tel. +44 (0) 247 6518951 Email. internationalenquiries@pearson.com www.lcci.org.uk, www.pearson.com/uk
More informationF2 PRACTICE EXAM QUESTIONS
F2 PRACTICE EXAM QUESTIONS SECTION A 1. The following details are available for a company: Budgeted Actual Expenditure $176,400 $250,400 Machine hours 4,000 5,000 Labor hours 3,600 5,400 If the company
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 informationLCCI International Qualifications. Cost Accounting Level 3. Model Answers Series (3017)
LCCI International Qualifications Cost Accounting Level 3 Model Answers Series 4 2009 (3017) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Cost
More informationTHE MOMBASA POLYTECHNIC UNIVERSITY COLLEGE
THE MOMBASA POLYTECHNIC UNIVERSITY COLLEGE Faculty of Business & Social Studies DEPARTMENT OF BUSINESS STUDIES BACHELOR OF BUSINESS ADMINISTRATION HBC 2117: COST ACCOUNTING BBA 2 ND YEAR 1 ST SEMESTER
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 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 informationManagement Accounting
Management Accounting Course map This document outlines the course structure. ACCA: FMA-F2.x Management Accounting Introduction course orientation Lesson 1: Welcome Lesson 2: What, when and why? Lesson
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 Wednesday 3 April 2013 Time allowed: 3 hours Information There are 5 questions in this examination. Total marks available: 100 All questions carry equal marks. Instructions
More informationStudy the REQUIRED section of each question carefully and extract the data required for your answers from the information supplied.
Series 4 Examination 2010 COST ACCOUNTING Level 3 Monday 6 December Subject Code: 3717/S Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer all 5 questions. All questions carry equal marks. Study
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 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 informationManagement Accounting
Management Accounting Course map This document outlines the course structure. Duration 10 weeks ACCA: FMA-F2.x Management Accounting Course orientation Start of course survey Lesson 1: Welcome Lesson 2:
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 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 informationElements of costing (ELCO) Question and answer book
Elements of costing (ELCO) Question and answer book October 2018 AAT is a registered charity. No. 1050724 Questions Question 1 If the total cost of 3,000 units is 6,750 and the total cost of 3,900 units
More informationFINALTERM EXAMINATION Spring 2010 MGT402- Cost & Management Accounting (Session - 4) Solved by Mehreen Humayun vuzs Team.
FINALTERM EXAMINATION Spring 2010 MGT402- Cost & Management Accounting (Session - 4) Solved by Mehreen Humayun vuzs Team Time: 90 min Marks: 69 Question No: 1 ( Marks: 1 ) - Please choose one Cost of finished
More informationStandard Costing and Budgetary Control
Standard Costing and Budgetary Control CA Past Years Exam Questions Question : 1 (Nov, 2008) UV Limited presents the following information for November. Calculate the cost Variances. Budgeted production
More informationACCA Paper F5. Performance Management. Class Notes
ACCA Paper F5 Performance Management Class Notes December 2011 The Accountancy College Ltd, June 2011 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or
More informationFOR MORE PAPERS LOGON TO
MGT402 - Cost & Management Accounting Question No: 1 ( Marks: 1 ) - Please choose one Opportunity cost is the best example of: Sunk Cost Standard Cost Relevant Cost Irrelevant Cost Question No: 2 ( Marks:
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 informationMANAGEMENT ACCOUNTING 2. Module Code: ACCT08004
School of Business & Enterprise Paisley & Hamilton Campus Session 015-016 Trimester 1 MANAGEMENT ACCOUNTING Module Code: ACCT08004 Date: 1st January 016 Time: 1400-1600 Answer THREE questions Question
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 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 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 informationPaper F2. Management Accounting. Fundamentals Pilot Paper Knowledge module. The Association of Chartered Certified Accountants. Time allowed: 2 hours
Fundamentals Pilot Paper Knowledge module Management ccounting Time allowed: 2 hours LL FIFTY questions are compulsory and MUST be attempted. Paper F2 o NOT open this paper until instructed by the supervisor.
More informationIbrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Variances A variance is the difference between a planned, budgeted, or standard cost and the actual cost incurred.
More information2018 LAST MINUTE CPA EXAM NOTES
2018 LAST MINUTE CPA EXAM NOTES Page intentionally left blank 2018 LAST MINUTE CPA EXAM NOTES BEC (Volume 1) Copyright 2018 by Glomont LLC. First edition Notice of Rights. All rights reserved. No part
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 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 informationLCCI International Qualifications. Cost Accounting Level 3. Model Answers Series (3017)
LCCI International Qualifications Cost Accounting Level 3 Model Answers Series 3 2009 (3017) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Cost
More informationMark Scheme (Results) Series Pearson LCCI Level 3 COST ACCOUNTING (ASE3017)
Mark Scheme (Results) Series 3 2014 Pearson LCCI Level 3 COST ACCOUNTING (ASE3017) LCCI International Qualifications LCCI International Qualifications are awarded by Pearson, the UK s largest awarding
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 informationCOST ACCOUNTING AND FINANCIAL MANAGEMENT
STUDY MATERIAL Intermediate (IPC) Course PAPER : 3 COST ACCOUNTING AND FINANCIAL MANAGEMENT Part 1 : Cost Accounting VOLUME I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study
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 informationMOCK EXAMINATION PRINCIPLES OF ACCOUNTS A-LEVEL PAPER 2
HONG KONG ASSOCIATION FOR BUSINESS EDUCATION HONG KONG INSTITUTE OF VOCATIONAL EDUCATION (CHAI WAN & TUEN MUN) HONG KONG ADVANCED LEVEL EXAMINATION 2009 MOCK EXAMINATION PRINCIPLES OF ACCOUNTS A-LEVEL
More informationAnalysing financial performance
NEW for 2015 Osborne Books Tutor Zone Analysing financial performance Exam preparation exercises I n t r o d u c t i o n These questions have been written as practice for selected numerical tasks from
More informationSUGGESTED SOLUTIONS. December KB 2 Business Management Accounting. All Rights Reserved. KB2 - Suggested Solutions December 2016, Page 1 of 18
SUGGESTED SOLUTIONS KB 2 Business Management Accounting December 2016 December 2016, Page 1 of 18 All Rights Reserved SECTION 1 Answer 01 Relevant Learning Outcome/s: 1.1.1 Assess the key features of the
More informationAAT. Cash Management. Pocket notes
AAT Cash Management Pocket notes Cash management British library cataloguing-in-publication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing
More informationACCA F2 FLASH NOTES. Describe a pie chart?
ACCA F2 FLASH NOTES Describe a pie chart? A pie chart is a circle that is divided into segments representing each type of observation. The size of each segment is proportional to the proportion of the
More informationPaper F2. Management Accounting. Pilot Paper from December 2011 onwards. Fundamentals Pilot Paper Knowledge Module
Fundamentals Pilot Paper Knowledge Module Management ccounting Pilot Paper from ecember 2011 onwards Time allowed: 2 hours LL 50 questions are compulsory and MUST be attempted. Formulae Sheet, Present
More informationSUGGESTED SOLUTION INTERMEDIATE M 19 EXAM
SUGGESTED SOLUTION INTERMEDIATE M 19 EXAM SUBJECT- COSTING Test Code - PIN 5043 BRANCH - () (Date :) Head Office : Shraddha, 3 rd Floor, Near Chinai College, Andheri (E), Mumbai 69. Tel : (022) 26836666
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 informationICAN MID DIET LIVE CLASS FOR MAY DIET 2015 PERFORMANCE MANAGEMENT
ICAN MID DIET LIVE CLASS FOR MAY DIET 2015 PERFORMANCE MANAGEMENT PERFORMANCE MEASUREMENT NON- FINANCIAL MEASUREMENT PERFOMANCE MEASUREMENT OF A NON- PROFIT ORGANISATION DIVISIONAL PERFORMANCE MEASURE
More informationTRADITIONAL ABSORPTION V ACTIVITY BASED COSTING
TRADITIONAL ABSORPTION V ACTIVITY BASED COSTING A company manufactures two products: X and Y. Information is available as follows: (a) Product Total production Labour time per unit X 1,000 0.5 hours Y
More informationCERTIFICATE IN MANAGEMENT ACCOUNTING
Series 2 Examination 2007 CERTIFICATE IN MANAGEMENT ACCOUNTING Level 3 Tuesday 29 May Subject Code: 3623/M Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal
More informationF2 Study Text Management Accounting ACCA
Publishing F2 Study Text Management Accounting ACCA Publishing ACCA Distance Learning Courses Learn quickly and efficiently Using a blended learning approach, our distance learning package will steer you
More informationUNIVERSITY EXAMINATIONS
KABARAK UNIVERSITY UNIVERSITY EXAMINATIONS 2015/2016 ACADEMIC YEAR FOR THE DEGREE OF BACHELOR OF COMMERCE ACCT 314: COST ACCOUNTING DAY: WEDNESDAY DATE: 13/04/2016 TIME:2:30-4:30 P.M STREAM: Y3S1 INSTRUCTIONS:
More informationHistorical information collected from a research in relation to sales of a company are as follows. Year Cost of promotion Sales revenue
Question bank 05-SA- English Short Answer Questions Question 01 Activity based costing system is used to allocate fixed production overhead in a more representative manner. Explain following terms in relation
More informationWrite your answers in blue or black ink/ballpoint. Pencil may be used only for graphs, charts, diagrams, etc.
Series 2 Examination 2011 COST ACCOUNTING Level 3 Thursday 7 April Subject Code: 3017 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer all 5 questions. All questions carry equal marks. Write your
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 informationAnswer the ONE question in section A (this has 25 sub-questions, and is on pages 2 8).
Foundation Level Management ccounting Fundamentals 2 FMF INSTRUTIONS TO NITES 21 ay 3 afternoon Read this page before you look at the questions You are allowed three hours to answer this question paper.
More information(AA22) COST ACCOUNTING AND REPORTING
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA2 EXAMINATION - JULY 2017 (AA22) COST ACCOUNTING AND REPORTING Instructions to candidates (Please Read Carefully): (1) Time Allowed:
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 informationCost and Management Accounting
Intermediate Course Study Material (Modules 1 to 2) Paper 3 Cost and Management Accounting Module - 1 BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ii This Study Material has been prepared
More informationManagement Accounting
Management Accounting Level 3 Model Answers Series 3 2008 (Code 3023) 1 ASE 3023 2 06 1 3023/2/06 >f0t@w9w2`?[i]bkbw5k# Management Accounting Level 3 Series 3 2008 How to use this booklet Model Answers
More informationSUGGESTED SOLUTIONS. KE2 Management Accounting Information. September All Rights Reserved
SUGGESTED SOLUTIONS KE2 Management Accounting Information September 2016 All Rights Reserved SECTION 1 Answer 01 1.1 Relevant Learning Outcome: 1.1.1 Define the terms cost, cost unit, composite cost units,
More information10,000 units x 24 = 240,000, or 5,000 hours x 48 = 240,000. the actual price of materials per kilogram
NVQ/SVQ Level 4 in Accounting Contributing to the Management of Performance and Enhancement of Value (PEV) (2003 standards) June 2006 SUGGESTED ANSWERS Note: The suggested answers may, in parts, be longer
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 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 informationManagement Accounting
Management Accounting Level 3 Model Answers Series 2 2008 Malaysia (Code 3623) Vision Statement Our vision is to contribute to the achievements of learners around the world by providing integrated assessment
More informationACCA. Paper F9. Financial Management. December 2014 to June Interim Assessment Answers
ACCA Paper F9 Financial Management December 204 to June 205 Interim Assessment Answers To gain maximum benefit, do not refer to these answers until you have completed the interim assessment questions and
More informationPaper T7. Planning, Control and Performance Management. Tuesday 8 December Certified Accounting Technician Examination Advanced Level
Certified Accounting Technician Examination Advanced Level Planning, Control and Performance Management Tuesday 8 December 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper
More informationManagement Accounting
Examiner s Report and Model Answers for Management Accounting THIRD LEVEL Series 4 (Code 3023) 2000 LCCI Examinations Board MH N T336 9 RNM >f2[ew2r@o2`0t1f3]e]2r2[1_# Management Accounting Third Level
More informationBudget & Budgetary Control
4 Budget & Budgetary Control Question 1 A Company manufactures two Products A and B by making use of two types of materials, viz., X and Y. Product A requires 10 units of X and 3 units of Y. Product B
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 information(b) Flexible Budget For The Year Ended 31 May 2003
Paper 2 Section A Question 1 Flexible budgets recognise the difference in cost behaviour (1) between fixed and variable costs in relation to fluctuations in output, (1) turnover, or other variable factors.
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 informationF2 Management Accounting Mock Examination
F2 Management Accounting Mock Examination Question Paper Time allowed 2 hours Section A ALL 35 questions are compulsory and MUST be answered Section B ALL THREE questions are compulsory and MUST be answered
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level
*8995523676* UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS General ertificate of Education dvanced Level OUNTING 9706/32 Paper 3 Multiple hoice October/November 2013 1 hour dditional Materials: Multiple hoice
More informationSUGGESTED SOLUTIONS. KE2 Management Accounting Information. March All Rights Reserved
SUGGESTED SOLUTIONS KE2 Management Accounting Information March 2015 All Rights Reserved SECTION 1 Answer 01 1(a) 1.1 Relevant Learning Outcome/s: 1.1.2 Correct answer: C Direct cost can either be variable
More informationOrdering costs Any two of the following: Postage, Paperwork, Telephone, Internet, , Purchasing Officer's salary
EDUCATION DEVELOPMENT INTERNATIONAL PLC SAMPLE PAPER ANSWERS 2008 COST ACCOUNTING (ASE3017) LEVEL 3 QUESTION 1 (a) (i) Stock holding costs Any two of the following: Insurance, Material handling, Storekeeper's
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 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 informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL
EXAMINATION NO. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL MONDAY 2 JUNE 2014 TIME ALLOWED: 3 HOURS
More informationIntermediate Management Accounting
Intermediate Management Accounting Course map This document outlines the course structure. Course orientation Lesson 1: Welcome Lesson 2: Getting your diploma Lesson 3: How do I study this course? Unit
More informationACCA. Paper F9. Financial Management. Interim Assessment Answers
ACCA Paper F9 Financial Management 03 Interim Assessment Answers To gain maximum benefit, do not refer to these answers until you have completed the interim assessment questions and submitted them for
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2011 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL
EXAMINATION NO. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2011 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC9: COSTING AND BUDGETARY CONTROL TUESDAY 7 JUNE 2011 TIME ALLOWED : 3 HOURS
More informationCERTIFICATE IN MANAGEMENT ACCOUNTING
Series 2 Examination 2007 CERTIFICATE IN MANAGEMENT ACCOUNTING Level 3 Monday 2 April Subject Code: 3023 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal
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 informationPTP_Intermediate_Syllabus 2012_Jun2014_Set 1
Paper 8: Cost Accounting & Financial Management Time Allowed: 3 Hours Full Marks: 100 Question.1 Section A-Cost Accounting (Answer Question No. 1 which is compulsory and any three from the rest in this
More information