Accounting 9706/12 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of rental income and adjustments for prepaid and accrued rents, incorporating written-off rents.
2. Capital expenditure determination for asset enhancements, distinguishing from revenue expenses.
3. Apportionment of rent and power costs based on usage metrics across departments.
4. Valuation of inventory using FIFO and its impact on closing stock valuation.
5. Analysis of break-even point based on contribution-to-sales ratio and fixed costs.
6. Impact of variable cost reduction, sales volume, and price changes on contribution margin.
7. Explanation of depreciation as a matching principle to allocate asset costs systematically.
8. Comparison of absorption costing benefits for total production cost determination and inventory valuation.
9. Analysis of under-absorption due to variance in actual and budgeted overheads or activity levels.