Accounting 9706/42 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Income statement preparation using turnover ratios, gross and net profit margins, administrative versus distribution costs, and taxation impacts for Abercrombie plc.

2. Production analysis and cost per unit determination for defective products, with adjustments in financial statements reflecting machinery depreciation, doubtful debts, and legal liabilities.

3. Capital reduction effects on equity, retained earnings adjustments, and dividend proposal for Svindal Ltd, including the impact on shareholders.

4. Variance analysis in standard costing: sales volume, sales price, direct materials, labor efficiency, and rate variances for Lourien Ltd.

5. Budget forecast preparation, including administrative expenses adjustment, production cost forecasting, and dividend calculation based on expected profit.

6. Costing methods identification for break-even analysis, job costing for unique items, process costing for continuous production, and allocation for service department costs.