cape june2011 accounting unit2 ques1.ex1

7/27/2019 CAPE June2011 Accounting Unit2 Ques1.Ex1

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CAPE AccountingUnit 2 Paper 02

Comments on Responses to Question 1lar1

1 (a) (i) The candidate was ab le to prepare the schedule of Cost of GoodsManufactured in good form , Full marks were awarded.

1 (a) (ii) The candidate was ab le to correctly calculate the Cost of Goods Sold using theCost of Goods Manufactured figure calculated from (a) above. The candidateattained fu ll marks.

1 (h) (i) This part of the question was a recall of knowledge. The major elements inthe cost of a manufactured product were identified and hence, the candidatescored full marks.

1 (b) (ii) The candidate was ab le to explain each item properly and gave an example ofeach, earning full marks.1 (b) (iii) This part was a knowledge question which was answered correctly.1 (b) (iv) The candidate answered correctly.1 (b) (v) This part was also a knowledge question which was answered correctly. Full

marks were awarded.

1 (c) (i) This part of the question required a recall of the appropriate formula. Thequest ion was answered correc tly by dividing the total overhead cos t ofS550.000 by the estimated usage of 125 000 hours.

1 (c) (ii) Like Part (i), knowledge and application of ihe relevant formula was requiredfor this part of the question. The candidate was able to correctly answer thispart using the answer from (i). Fu ll marks were awarded.

cape june2011 accounting unit2 ques1.ex1

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