CAPE Accounting Unit 2 · 2022 · Paper 2 · Question 1(b)(iii)
Outline ONE reason for the shape of EACH of the three cost curves sketched.
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Practise this questionOther parts of this question
- 1(a)Define cost accounting in relation to its purpose, scope, and procedures and practices.[3 marks]
- 1(b)(i)Insert the correct data into EACH of the spaces labelled A-L in the table.[6 marks]
- 1(b)(ii)Sketch a graph of average variable cost, average fixed cost, and average total cost curves using the calculated information on the same axis.[8 marks]
- 1(c)Determine the basis of apportionment/allocation for rent, electricity, machine depreciation, and indirect labour, and calculate the allocated costs to complete…[12 marks]
More practice: the rest of this paper · more Cost Elements, Classification and Cost Curves questions · all CAPE Accounting Unit 2 past papers