Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 2 Accounting for analysis and decision-making
Tuesday 6 June 2023 Morning Time allowed: 3 hours
Materials
For Examiner’s Use
For this paper you must have:
• a calculator. Section Mark
A
Instructions
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page. C
• Answer all questions. TOTAL
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you
do not want to be marked.
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
*jun237127201*
IB/G/Jun23/E13 7127/2
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to
select as shown.
0 1 Which is the source document for a payment by direct debit?
[1 mark]
A Bank statement
B Cash receipt
C Cheque counterfoil
D Purchase invoice
0 2 Which is the formula for markup?
[1 mark]
Cost of sales
A × 100
Gross profit
Gross profit
B × 100
Cost of sales
Gross profit
C × 100
Revenue
Revenue
D × 100
Gross profit
*02*
IB/G/Jun23/7127/2
, 3
Do not write
outside the
0 3 Which is a benefit of marginal costing? box
[1 mark]
A It helps to apportion fixed costs accurately.
B It helps to cover fixed costs fully.
C It helps to maximise profits when resources are scarce.
D It helps to minimise variable costs.
0 4 A business has the following budgeted information:
Direct labour 2 240 hours £15 680
Product M uses direct material at a cost of £11.72 per unit and 30 minutes of labour.
Overheads are absorbed on a direct labour hours basis at a cost of £11.80 per hour.
What is the standard cost of manufacturing one Product M?
[1 mark]
A £15.22
B £21.12
C £27.02
D £30.52
Turn over for the next question
Turn over ►
*03*
IB/G/Jun23/7127/2
, 4
Do not write
outside the
0 5 Which is the formula for dividend yield? box
[1 mark]
Dividend per share
A × 100
Market price per share
Market price per share
B × 100
Dividend per share
Ordinary share dividends paid
C × 100
Profit after interest and tax
Profit after interest and tax
D × 100
Ordinary share dividends paid
0 6 Product W has a budgeted materials cost of £578 per unit based on a monthly
budgeted production of 4 920 units.
For the month of April 2023, actual production was 5 110 units and the following
variances were calculated:
Variance £
Material price 48 710 Favourable
Material usage 56 630 Adverse
What is the actual total cost for materials for April 2023?
[1 mark]
A £2 835 840
B £2 851 680
C £2 945 660
D £2 961 500
*04*
IB/G/Jun23/7127/2
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 2 Accounting for analysis and decision-making
Tuesday 6 June 2023 Morning Time allowed: 3 hours
Materials
For Examiner’s Use
For this paper you must have:
• a calculator. Section Mark
A
Instructions
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page. C
• Answer all questions. TOTAL
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you
do not want to be marked.
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
*jun237127201*
IB/G/Jun23/E13 7127/2
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to
select as shown.
0 1 Which is the source document for a payment by direct debit?
[1 mark]
A Bank statement
B Cash receipt
C Cheque counterfoil
D Purchase invoice
0 2 Which is the formula for markup?
[1 mark]
Cost of sales
A × 100
Gross profit
Gross profit
B × 100
Cost of sales
Gross profit
C × 100
Revenue
Revenue
D × 100
Gross profit
*02*
IB/G/Jun23/7127/2
, 3
Do not write
outside the
0 3 Which is a benefit of marginal costing? box
[1 mark]
A It helps to apportion fixed costs accurately.
B It helps to cover fixed costs fully.
C It helps to maximise profits when resources are scarce.
D It helps to minimise variable costs.
0 4 A business has the following budgeted information:
Direct labour 2 240 hours £15 680
Product M uses direct material at a cost of £11.72 per unit and 30 minutes of labour.
Overheads are absorbed on a direct labour hours basis at a cost of £11.80 per hour.
What is the standard cost of manufacturing one Product M?
[1 mark]
A £15.22
B £21.12
C £27.02
D £30.52
Turn over for the next question
Turn over ►
*03*
IB/G/Jun23/7127/2
, 4
Do not write
outside the
0 5 Which is the formula for dividend yield? box
[1 mark]
Dividend per share
A × 100
Market price per share
Market price per share
B × 100
Dividend per share
Ordinary share dividends paid
C × 100
Profit after interest and tax
Profit after interest and tax
D × 100
Ordinary share dividends paid
0 6 Product W has a budgeted materials cost of £578 per unit based on a monthly
budgeted production of 4 920 units.
For the month of April 2023, actual production was 5 110 units and the following
variances were calculated:
Variance £
Material price 48 710 Favourable
Material usage 56 630 Adverse
What is the actual total cost for materials for April 2023?
[1 mark]
A £2 835 840
B £2 851 680
C £2 945 660
D £2 961 500
*04*
IB/G/Jun23/7127/2
