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12 marksOverheads and Manufacturing Accounts

CAPE Accounting Unit 2 · 2022 · Paper 2 · Question 1(c)

Georgetown Oil Services Limited has two production departments and two service departments with budgeted costs and operating bases provided.

Determine 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).

This question uses a figure or table from the paper — you'll see it when you practise.

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Other parts of this question

  1. 1(a)Define cost accounting in relation to its purpose, scope, and procedures and practices.[3 marks]
  2. 1(b)(i)Insert the correct data into EACH of the spaces labelled A-L in the table.[6 marks]
  3. 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]
  4. 1(b)(iii)Outline ONE reason for the shape of EACH of the three cost curves sketched.[6 marks]

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