CAPE Accounting Unit 2 · 2019 · Paper 2 · Question 1(b)
Explain 'product cost' and 'period cost', giving ONE example of EACH.
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- 1(a)State TWO differences between 'financial accounting' and 'management accounting'.[4 marks]
- 1(c)(i)Prepare the manufacturing account for the year ending 31 March 2019.[21 marks]
- 1(c)(ii)Silver Slipper Ltd had the option of purchasing items rather than making them. Distinguish between 'relevant costs' and 'irrelevant costs', giving ONE example…[4 marks]
More practice: the rest of this paper · more Cost Elements, Classification and Cost Curves questions · all CAPE Accounting Unit 2 past papers