An absorption costing approach question requiring profit to be calculated and compared under marginal and absorption ...
Objective questions Section A
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Objective questionSection A
Section A (multiple choice): From the previous syllabus. An item asks about a common cost that is shared over cost centres, testing the meaning of apportionment.
Section A (multiple choice): From the previous syllabus. A question gives profits under marginal costing and absorption costing and tests the stock-based reconciliation.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2014
Theory questions Written questions
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Theory question 2Written paper
An absorption costing approach question requiring profit to be calculated and compared under marginal and absorption costing.
Gives forecasts of sales and production for the first six months and asks for budgets built from them, testing the production budget and stock adjustments.
Gives six months of sales and production forecasts and asks for budgets, including cash receipts and payments. Related to the cash budget workings.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2014, Question 2
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, November 2014. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2014. Each question carries its own reference and a button to copy it.