CAPE Accounting Unit 2 · 2022 · Paper 2

16 questions and parts from this paper. Open one to see it in full, then practise it on Quelpr and get it marked against the mark scheme.

1. 1(a)3 marksDefine cost accounting in relation to its purpose, scope, and procedures and practices.
2. 1(b)(i)6 marksInsert the correct data into EACH of the spaces labelled A-L in the table.
3. 1(b)(ii)8 marksSketch a graph of average variable cost, average fixed cost, and average total cost curves using the calculated information on the same axis.
4. 1(b)(iii)6 marksOutline ONE reason for the shape of EACH of the three cost curves sketched.
5. 1(c)12 marksDetermine the basis of apportionment/allocation for rent, electricity, machine depreciation, and indirect labour, and calculate the allocated costs to complete the table for spaces labelled (i) to (xx).
6. 2(a)12 marksCompute the estimated service price of this project to be included in the proposal.
7. 2(b)(i)4 marksExplain the difference between absorption costing and marginal costing.
8. 2(b)(ii)4 marksExplain the difference between a cost centre and a profit centre.
9. 2(c)(i)6 marksCalculate the activity cost driver rates for Setup, Maintenance, and Inspection.
10. 2(c)(ii)9 marksCalculate the total cost for Job QP3514 using activity-based costing.
11. 3(a)(i)2 marksState TWO assumptions of breakeven analysis.
12. 3(a)(ii)13 marksUsing limiting factor analysis, calculate the optimum total contribution margin for Lagoon Ltd, showing all working.
13. 3(b)2 marksState TWO functions of the budget committee within an organization.
14. 3(c)(i)4 marksPrepare the cash collections schedule.
15. 3(c)(ii)5 marksPrepare the cash disbursement schedule for purchases.
16. 3(c)(iii)9 marksPrepare the cash budget for January and February 2020.