Accounts Paper 1 Howd it go

[ds29]

Well it went very easy for me Alhamdulillah
Just not sure about that brick question. Do you use job batch marginal or unit? I have no idea xD
There were lot of similiar past paper questions for each question so if you had done the past papers it should have been easy

 

[SpoonyVoid]

I'd say its batch. and I based my answer on the fact that Job costing is usually or almost always for a single product or service, whereas batch costing as the name says it is for a batch of a similar product. And since it was 20,000 bricks, Batch Costing...I think.

It was a really easy paper! =) You had to use your head and you needed to use a bit of maths here and there for some questions too, not to mention High Low Methods for 2 questions appropriately! Inshallah 25+ =)

 

[khalid]

it was quite easy but a little bit tricky.... i think bricks questons it was marginal. not sure

 

[Afi]

hey guys what is your answer for 1st mcq which is revenue expenditure to capital expenditure something like that i answer c

 

[haiderwrath]

the bricks question had the answer 11000? =O

 

[BeeAzam]

It went good for most of the candidates.. mine was fine... i think i made 4 to 5 mistakes..! hope I get an A.. Inshallah

 

[khalid]

it was quite easy but a little bit tricky.... i think bricks questons it was marginal. not sure

it was D .. both were understated

 

[khizarr]

it was job i think .. job prosuction involves the production of special orders or items so i think it was job though i chose unit costing ..i realized it after the exam!!!

 

[yrtemongirt]

It was Batch Costing.

 

[pastyear]

ya batch costing

 

[ahsanxr]

No, it was job. Since it was a particular order made by a customer. Doesn't matter whether it was one unit or 20000 units.

Anyway I'm getting 28+.

 

[yrtemongirt]

The system accumulates cost by jobs. It may be for one unit like a custom-made luxury boat or a dozen boats of the same design termed as a batch.

 

[ahsanxr]

I don't remember the definitions of the different kinds of costings. I'll have to open Randall for that. But I still think that it was job because it was a specific job.

 

[ashhadazam]

lol dont know what it was .. !!! the fixed cost one was 5200 ?

 

[ahsanxr]

^Yup. Anyone remember the sales for the period? Was it 76500 or 85100?

 

[yrtemongirt]

I don't remember the definitions of the different kinds of costings. I'll have to open Randall for that. But I still think that it was job because it was a specific job.

or you can google it also.

 

[ashhadazam]

i think i wrote 85100.. i dont remember exactly though.. so many numbers to difficult to remember :/

 

[khalid]

iy was 85100.. the question was from past paper

 

[ashhadazam]

hmmmm !!And does any one remember the answer for subscription qs ?

 

[ahsanxr]

It was C, 1170 or something.

Maybe you people are correct about the batch one.