Accounting 9706/32 March 2022 | Cambridge AS Level Past Papers With Mark Scheme

1. Indirect manufacturing costs definition and inclusion in manufacturing accounts for cost allocation.

2. Revised income statement preparation with separate gross profit analysis for standard and luxury furniture categories.

3. Asset impairment explanation, calculations for impairment adjustments, and non-current asset schedule preparation.

4. Statement of cash flows creation under IAS 7, highlighting operational, investing, and financing cash flows.

5. Variance analysis, including sales price, material, labor, and fixed overhead variances, with flexed budget comparison.

6. Investment appraisal using payback period, ARR, NPV, and IRR methods, evaluating financial feasibility and cost of capital impacts.

7. Decision-making on pricing strategies and resource allocation, supported by flexed budget and variance outcomes.