Pearson edexcel ial accounting january 2021 unit 02 corporate and management accounting
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This document contains instructions for an accounting exam. It provides details such as the total marks, time allowed, materials permitted and questions that will be covered. Students are advised to show all working, use the space provided, and answer all questions in the required format and style. Calculators are permitted. The source material is contained in a separate booklet.
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Pearson edexcel ial accounting january 2021 unit 02 corporate and management accounting
- 1. *P66152RA0136* Turn over Candidate surname Other names Total Marks Centre Number Candidate Number Please check the examination details below before entering your candidate information Instructions • Use black ink or ball-point pen. • Fill in the boxes at the top of this page with your name, centre number and candidate number. • All calculations must be shown. • Answer both questions in Section A and three questions from Section B. • Answer the questions in the spaces provided – there may be more space than you need. • Do not return the Source Booklet with the question paper. Information • The total mark for this paper is 200. • The marks for each question are shown in brackets – use this as a guide as to how much time to spend on each question. • Calculators may be used. • The source material for use with Questions 1 to 6 is in the enclosed Source Booklet. Advice • Read each question carefully before you start to answer it. • Check your answers if you have time at the end. P66152RA ©2021 Pearson Education Ltd. 1/1/1/1 Accounting International Advanced Level Paper 1: Corporate and Management Accounting You must have: Source Booklet (enclosed) Morning (Time: 3 hours) Paper Reference WAC12/01 Tuesday 12 January 2021 Pearson Edexcel International Advanced Level
- 2. *P66152RA0236* 2 SECTION A Answer BOTH questions in this section. Source material for Question 1 is on pages 2 and 3 of the Source Booklet. 1 (a) Complete the Statement of Changes in Equity opposite to show figures for the information in the Source Booklet, for the year ended 31 December 2020. You should show any workings where appropriate, in the lined space available. 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- 5. *P66152RA0536* Turn over 5 (b) State three examples of capital reserves from the Statement of Changes in Equity. (3) 1 ................................................................................................................................................................................................................................................................................ 2 ................................................................................................................................................................................................................................................................................ 3 ................................................................................................................................................................................................................................................................................ (c) Calculate the maximum that could be paid per share as a final dividend for 2020. 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(d) Prepare the Journal entries for the following transactions (narratives are not required). (i) 12 February, the transfer from Retained earnings (2) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 6. *P66152RA0636* 6 (ii) 21 April, the revaluation of the property (2) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (iii) 11 May, the purchase of the smelting equipment (2) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (iv) 31 December the entry for the loss for the year (2) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 7. *P66152RA0736* Turn over 7 (e) Calculate the gearing ratio at 31 December 2020 showing the formula used. 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- 8. *P66152RA0836* 8 (f) Evaluate the effects on Bangla Aluminium plc of the change in the gearing ratio from 31 December 2019 to 31 December 2020. 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- 10. *P66152RA01036* 10 Source material for Question 2 is on pages 4 and 5 of the Source Booklet. 2 (a) Calculate the number of labour hours required to meet all the demand for all four pottery products for one week. (5) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (b) Explain the term limiting factor. (2) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 11. *P66152RA01136* Turn over 11 (c) Calculate the contribution for one item of each of the four pottery products. 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- 13. *P66152RA01336* Turn over 13 (d) Calculate the order of production of the four pottery products required to maximise profits each week. (6) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 14. *P66152RA01436* 14 (e) Calculate the quantities of production of each pottery product that would maximise profit each week. (6) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 15. *P66152RA01536* Turn over 15 (f) Calculate the profit per week for Maria’s business. 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- 16. *P66152RA01636* 16 (g) Calculate the: (i) number of hours a sales assistant would be required to work (1) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (ii) total wage which Maria could pay her sales assistant and still make the same amount of profit (3) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... (iii) hourly rate to be paid to the sales assistant. (1) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... ....................................................................................................................................................................................................................................................................................
- 17. *P66152RA01736* Turn over 17 (h) Evaluate whether Maria should introduce ICT to help with the bookkeeping and finances of the business. Your answer should include financial, technical and human aspects. 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- 19. *P66152RA01936* Turn over 19 SECTION B Answer THREE questions from this section. Indicate which question you are answering by marking a cross in the box . If you change your mind, put a line through the box and then indicate your new question with a cross . If you answer Question 3 put a cross in the box . Source material for Question 3 is on pages 6, 7 and 8 of the Source Booklet. 3 (a) Calculate the purchase price of Waverley plc. 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