Accounting 9706/23 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of shop income statements, income and expenditure accounts, and statements of financial position for non-profit organizations, including allocation of direct and indirect costs.

2. Calculation of key financial metrics such as gross profit, cost of sales, closing inventory, purchases, and net profit based on provided ratios and revenue data.

3. Apportionment of indirect costs across production departments using appropriate bases (e.g., floor area, value of plant, number of employees), followed by re-apportionment of service department costs.

4. Overhead absorption rate determination for production departments using machine hours and direct labor hours.

5. Calculation of under- or over-absorbed overheads in production departments based on actual versus applied costs.

6. Explanation of the implications of over and under absorption of overheads, identifying causes and potential corrective measures.