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  • CAPE 2010 (Unit 2)

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    Tani Samuel
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    cape accounting past paper (unit 2) paper 2

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    CAPE 2010(Unit 2) (2)

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    cape accounting past paper (unit 2) paper 2

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    © All Rights Reserved
    Download as DOCX, PDF or read online from Scribd
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    126 views9 pages

    CAPE 2010 (Unit 2)

    Uploaded by

    Tani Samuel
    cape accounting past paper (unit 2) paper 2

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF or read online from Scribd
    Flag for inappropriate content
    of 9
    SB test cope 02201020 FORM TP 2011130 MAY(JUNE 2011 CARIBBEAN EXAMINATIONS COUNCIL ADVANCED PROFICIENCY EXAMINATION ACCOUNTING UNIT2 ~ PAPER 02 2d hours 1. This paper consists of THREE questions 2. EACH question is worth 35 marks. 3. ALL questions are COMPULSORY. 4. Begin EACH answer ona new page 5. Silent non-programmable calculators may be used, but ALL necessary working should be clearly shown, Copyright © 2010 Caribbean Examinations Counel All Rights Reserved. est cope 02201020 FORM TP 2010126 /MAYJUNE 2010 CARIBBEAN EXAMINATIONS COUNCIL ADVANCED PROFICIENCY EXAMINATION ACCOUNTING UNIT?2 — PAPER O2 2% hours 1. This paper Sonsiats of THREE questions 2. EACH question is worth 35 marks, 3. ALL questions are COMPULSORY. 4. Begin EACH answer on @ new page. 5. Silent non-programmable calculators may be used, but ALL necessary working should be leary shown, Topyriaht © 2000 Caribbean Examinations Council ©, All Rights Reserved, @ Below are listed various costs that might be found in a service, merchandising, or manufacturing company. 1 0 ai Bread used to make sandwiches ina cate Advertsing by an engineering firm “Mangoes processed and canned by an agricultural cooperative Shipping of canned mangoes for an agricultural cooperative tis customers Insurance on 8 factory producing camival costumes Insurance on the corporate headguarters of leading Caribbean insurance Company Salary ofa supervisor oversecing production of handicraft items Commissions paid to persons slling advertising space ina local newspaper Depreciation on sta lunchroom facilites at leading manufacturing fim Steering wheels used by a company inthe produstion of automobiles Property taxes on factory building Salaries of janitorial staf assigned tothe administrative offices Lubricants used on printing equipment in a print shop Solder used in produsing electrical appliances Bau debt expenses Boxes used in packaging soup powder CCassity EACH cost as being lther variable or fixed with respect to volume or level of activity Classify EACH cost as being either a selling and administrative cost or a product Prepare your responses, using the following format. The fist item has been ‘completed as an example, ns adtinatae | "ea | [15 marks} GO ON TO THE NEXT PAGE as (®) Darren Joseph is employed by Arima Products and assembles a component part for one ‘of the company’s product lines. He is paid $20 per hour for regular time, and time and a half forall work in excess of 40 hours per week. (Assume that during a given week Darren is idle for five hours due to machine breakdowns and that heis idle for four more hours due to material shortages. No ‘overtime is recorded for the week. Allocate Darren's wages forthe week between direct labour cost and manufacturing cost, 18 marks}, (i) Assume that during the following week Darren works a total of 48 hours. He has no idle time for the week. Allocate Darren's wages for the week between direct labour cost and manufacturing overhead cost. [3 marks} Gi) Arima Products provides an attractive package of finge benefits for its employees, ‘This package includes a retirement programme and a health insurance programme, Explain TWO ways that the company could classify the cost of fringe benefit for

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