Accounting 9706/22 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparing manufacturing accounts, income statements, and adjusting for depreciation, doubtful debts, and misposted transactions.
2. Partnership profit calculations, capital account adjustments, and appropriation accounts under new partnership agreements.
3. Allocating and apportioning overheads to production and service departments based on relevant bases.
4. Calculating overhead absorption rates and identifying under- or over-absorbed overheads in production.
5. Pricing strategy for product quotations, incorporating gross profit margins and direct and indirect cost allocations.
6. Clarifying concepts of allocation, apportionment, and absorption in overhead cost management.