Accounting 9706/41 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of unit selling price and analysis of cost components for Product A.

2. Evaluation of cost reduction options, including direct material discounts, labor adjustments, and changes in quality inspection frequency.

3. Impact of activity-based costing (ABC) compared to traditional methods in pricing decisions and overhead allocation.

4. Determination of actual usage and costs for direct materials, labor, and selling prices to reconcile budgeted and actual contributions.

5. Benefits of using standard costs for cost control, benchmarking, and simplification of pricing strategies.

6. Recommendation on the adoption of spreadsheets for budgeting, considering efficiency, error reduction, and data flexibility.