Absorption costing Samenvattingen, Aantekeningen en Examens
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AQA A-level ACCOUNTING 7127/2 Paper 2 Accounting for analysis and decision-making Version: 1.0 Final *jun237127201* IB/G/Jun23/E13 7127/2 A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making /QUESTION PAPER & MARKING SCHEME/ [MERGED
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AQA 
A-level 
ACCOUNTING 
7127/2 
Paper 2 Accounting for analysis and decision-making 
Version: 1.0 Final 
*jun* 
IB/G/Jun23/E13 7127/2 
 
 
A-level 
ACCOUNTING 
Paper 2 Accounting for analysis and decision-making 
Tuesday 6 June 2023 Morning Time allowed: 3 hours 
Materials 
For this paper you must have: 
• a calculator. 
Instructions 
• Use black ink or black ball-point pen. 
• Fill in the boxes at the top of this page. 
• Answer all questions. 
• You must answer the questions i...
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ACCA - F5 EXAM QUESTIONS AND ANSWERS
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What are the 3+1 stages of absorption costing? - Answer- 1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
 
Why would you use Absorption Costing? - Answer- Valuing Inventory 
Pricing Decisions 
Establishing profitability 
 
What are pros and cons of absorption and marginal costing? - Answer- *Absorption* 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-Implies OH related to...
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Fundamentals of Cost Accounting William Lanen 6th Edition-Test Bank
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Fundamentals of Cost Accounting, 6e (Lanen) 
Chapter 1 Cost Accounting: Information for Decision Making 
1) The value chain comprises activities from research and development through the production process but does not include activities related to the distribution of products or services. 
Answer: FALSE 
Explanation: The value chain comprises activities from research and development (R&D) through the production process and including distribution and customer service. 
Difficulty: 1 Easy 
Topic:...
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TEST BANK for Cost Accounting: With Integrated Data Analytics 1st Edition Karen Congo Farmer, Amy Fredin
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TEST BANK for Cost Accounting: With Integrated Data Analytics 1st Edition Karen Congo Farmer, Amy Fredin. 
TABLE OF CONTENTS CHAPTER 1: Cost Accounting Has Purpose CHAPTER 2: Refresher on Cost Terms CHAPTER 3: Cost Behavior and Cost Estimation CHAPTER 4: Cost-Volume-Profit Analysis CHAPTER 5: Relevant Costs for the Decision-Maker CHAPTER 6: Mastering the Master Budget CHAPTER 7: Capital Budgeting Choices and Decisions CHAPTER 8: Job Costing Visualized CHAPTER 9: Activity-Based Costing CHAPTER 1...
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MAC2601 (Direct and Absorption Costing)
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This document contains simplified notes that will help students understand the difference between Direct and Absorption Costing techniques. I have used examples from past papers together with steps on how to tackle those examples
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ACCA - F5 Study Questions With Complete Solutions
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What are the 3+1 stages of absorption costing? correct answer: 1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
 
Why would you use Absorption Costing? correct answer: Valuing Inventory 
Pricing Decisions 
Establishing profitability 
 
What are pros and cons of absorption and marginal costing? correct answer: *Absorption* 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-...
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H F M A Exam Questions With Complete Solutions
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Why is cost accounting so important in health care? correct answer: Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different purposes. Thefore it is im...
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ACCA - F5 Study Questions With Complete Solutions SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+
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What are the 3+1 stages of absorption costing? 
1. Allocation 
2. Apportionment 
3. Absorption = Production Cost 
4. Under/over = Non prod OH 
Why would you use Absorption Costing? 
Valuing Inventory 
Pricing Decisions 
Establishing profitability 
What are pros and cons of absorption and marginal costing? 
Absorption 
-Avoids varying profits if sales are seasonal 
-Consistent with accounting standards 
-Recognises Long Run variable costs 
 
-Implies OH related to production 
= Manipulate profit ...
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 (715655) - DUE 19 September 2023.
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MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 () - DUE 19 September 2023.Detailed working, solutions, memo, notes & explanations.................. QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for ...
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ACCA F5 - Performance Management
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What is cost accounting? - Answer- analyses past, present and future data for the management accountant to use 
 
What is costing? - Answer- the process of determining the costs of products, services or activities. 
Methods include absorption costing and process costing. 
 
What is absorption costing and what are the steps? - Answer- method of sharing out overheads incurred amongst units produced. 
1. Allocation 
2. Apportionment 
3. Absorption 
 
Reasons to use absorption costing? - Answer- 1....