Economics, Accounting & Business: Post your doubts here!

[3fatak]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w10_qp_32.pdf
i have doubt in question 28,3,4
can someone help me fast....

appy the formula for q28
Labour efficiency variance = (standard lbr hours -actual lbr hours) x standard lbr hours
= (40000-36000) x 6
= 24000 FAV
Labour rate variance = (standard wage rate - actual wage rate) x actual lbr hours
= (6 - 6.3) x 36000
= 10800 AD
so its A

 

[3fatak]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w10_qp_32.pdf
i have doubt in question 28,3,4
can someone help me fast....

for q3 closing stock of year 1 was overstated by 2000
when closing stock is over valued the profits decrease and cost of goods sold increase for that year
so cost of goods sold will be 240 +2 = 242 and profit will be 30 - 2 = 28
Now the closing stock of year 1 is the opening stock of year 2
when opening stock is overvalued the profits increase and cost of goods sold decrease
so the profit will be 40 + 2 = 42 and cost of sales will be 320 - 2 = 318
answer is C

 

[3fatak]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_w10_qp_32.pdf
i have doubt in question 28,3,4
can someone help me fast....

for q4
capital at start of year 320
current acc at start of year +100
total drawings DURING the year (60)
profit BALANCING FIGURE + 240
net assets at end of year =600
profit - salary = profit to be shared
240 - 30 = 210
210/3= 70 (X's share of net profit for the year)
answer is C

 

[:: A^]

Anyone? O/N/2010-32

 

[panoramafolks]

Anyone? O/N/2010-32

Book says C but marksheme says D.
Any ways i choose C because it's in the book

 

[:: A^]

Book says C but marksheme says D.
Any ways i choose C because it's in the book

I asked my teacher she said D.
Also i checked somewhere:

 

[afshinsalim]

Use high low method
change in overhead/change in machine hour

230000 - 214000/20000 - 16000 = $4 <= this is the variable cost
Now to find fixed cost, subtract variable cost.
16000 x 4 = 64000
214000 - 64000 = $150,000

thanx a million. May Allah bless u

 

[:: A^]

how was the paper people?

 

[rupa]

how was the paper people?

actually i felt the paper was kind off hard....
how did u do???i had really tough time with the npv question....

 

[:: A^]

actually i felt the paper was kind off hard....
how did u do???i had really tough time with the npv question....

tbh it went quite well.. :|

 

[rupa]

tbh it went quite well.. :|

ohhh great ....

 

[:: A^]

ohhh great ....

feel free to inbox me if u want to discus anythin

 

[rupa]

tbh it went quite well.. :|

but this time questions were different???
god no IAS based question were there.....

 

[:: A^]

There were :O okay we better stop here.

 

[rupa]

There were :O okay we better stop here.

okay fine

 

[rupa]

Someone help me in 6th b and 7th question pls https://www.facebook.com/TopicalAsL...3409015428340/443345892434650/?type=1&theater pls pls help in the 6th b question.....jut give me an idea...pps I have no clue

 

[SalmanPakRocks]

Someone help me in 6th b and 7th question pls https://www.facebook.com/TopicalAsL...3409015428340/443345892434650/?type=1&theater pls pls help in the 6th b question.....jut give me an idea...pps I have no clue

Page not found

 

[rupa]

Page not found

OHH just wait a sec i will post the question...

 

[rupa]

Demand curve is derived through utility theory. Explain it graphically?
(12 marks)

 

[SalmanPakRocks]

Demand curve is derived through utility theory. Explain it graphically?
(12 marks)

Explain utility and the law of diminishing marginal utility, then draw this graph.
Then explain that as according to every successive consumption of a good, the Marginal utility falls. Now according to demand curve, a consumer would be ready to pay less for a product which yields less satisfaction compared to the previous one consumed. Due to this, the demand curve is downward sloping.
Now you can explain how this is not true in case the good is a luxury or explain paradox of value by Adam smith.