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Foundation level · Management Accounting

Management Accounting · 2019

Every objective and theory question in this paper, and the topic notes to revise each one.

9 questions5 objective4 theory9 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, Pathfinder, 2019

May 2019 diet

4 objective and 2 theory
4 objective2 theory20 theory marks set
No.SectionMarksCovers
Q320From the previous syllabus. Asks for the re-order, minimum and maximum stock levels (2 marks each), five factors in s...
Q5Process costing with a statement of equivalent units and FIFO and weighted average valuation of output.

Objective questions Section A

3
Objective question 3Section A

  • From the previous syllabus. Asks for the term used for the running charges in service costing.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Service costing › A transport route question
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 3
8
Objective question 8Section A

  • From the previous syllabus. Asks which item is not part of bonus incentive schemes of labour remuneration.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Labour costs, recording and remuneration methods › Remuneration methods
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 8
9
Objective question 9Section A

  • From the previous syllabus. Asks for the point of manufacture where joint products become individually identifiable: the split-off point.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Joint products and by-products › Joint products
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 9
12
Objective question 12Section A

  • From the previous syllabus. Asks which statement is not an assumption of the EOQ model.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Economic order quantity and inventory control levels › The economic order quantity model
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 12

Theory questions Written questions

3
Theory question 3Written paper
20 marks

  • From the previous syllabus. Asks for the re-order, minimum and maximum stock levels (2 marks each), five factors in setting the maximum level, and a 6-mark EOQ calculation.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Economic order quantity and inventory control levels › Re-order level and stock levels
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 3
5
Theory question 5Written paper

  • Process costing with a statement of equivalent units and FIFO and weighted average valuation of output.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Process costing: equivalent units and work-in-progress › Opening work-in-progress
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2019, Question 5

November 2019 diet

1 objective and 2 theory
1 objective2 theory
No.SectionMarksCovers
Q2Process Alpha question: calculate the abnormal gain or loss in kg (3 marks), the equivalent units of output with clos...
Q3Part (a) gives a soap factory with two production cost centres and a service cost centre and asks for the overhead to...

Objective questions Section A

4
Objective question 4Section A

  • From the previous syllabus. Defines labour turnover as the ratio of leavers to the number on the payroll and asks which cost does not arise from labour turnover.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Labour turnover and payroll accounting › Labour turnover
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2019, Question 4

Theory questions Written questions

2
Theory question 2Written paper

  • Process Alpha question: calculate the abnormal gain or loss in kg (3 marks), the equivalent units of output with closing work-in-progress, and the cost per equivalent unit for materials and conversion.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Process costing: equivalent units and work-in-progress › Work-in-progress with losses
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2019, Question 2
3
Theory question 3Written paper

  • Part (a) gives a soap factory with two production cost centres and a service cost centre and asks for the overhead to be apportioned and reapportioned to production.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Overhead apportionment and service department costs › Secondary apportionment of service department costs
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2019, Question 3
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, 2019. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May or November 2019. Each question carries its own reference and a button to copy it.