Accounting 9706/41 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of the statement of changes in equity, cash flow statement, and treatment of proposed dividends in financial statements.
2. Dissolution of partnership, including sale of property, inventory, motor vehicle, and settlement of trade receivables and payables with discounts.
3. Conversion of dissolved partnership assets into shares of a new limited company, calculating share distribution based on agreed ratios.
4. Standard costing implementation, with calculations for standard selling price, material and labor variances, and variance analysis.
5. Optimization of production plans under labor constraints, using contribution per unit and available hours to maximize net profit.
6. Analysis of reasons for variances, including material price, usage, and labor rate or efficiency.