Selling price £20 per unit, variable cost £12 per unit, fixed costs £40,000. (a) Calculate break-even point; (b) Profit for 8,000 units; (c) Margin of safety at 10,000 units; (d) New break-even if fixed costs rise to £45,000; (e) Evaluate whether to accept a special order at £15 per unit for 5,000 units.
He drew a single, harsh line through the student’s answer.
: It provides clear examples of how to account for bad debts and calculate the resulting change in provision (e.g., identifying a £600 bad debt to reach a correct 3% provision). Non-Current Assets Ib G Jun17 Accn2 Mark Scheme
Students had to adjust trade receivables and update the provision. For example, a 3% provision on £24,000 required a closing figure of £720; if the opening provision was £800, a change of £80 (reduction) was credited to the profit/capital section.
Four marks out of the total 80 are typically reserved for the student's ability to use specialist vocabulary, organize information clearly, and use proper English. Sample Question Content (June 2017) Selling price £20 per unit, variable cost £12
Aim to recalculate each question blind, then check against the mark scheme’s step-by-step answers.
The IB G Jun17 Accn2 Mark Scheme is a critical document that provides a detailed outline of the assessment criteria and marking guidelines for the Accounting (Accn2) paper. By understanding the structure, content, and implications of the mark scheme, students and educators can better prepare for the Accn2 paper and achieve success in the IB Diploma Programme. : It provides clear examples of how to
, it offers specific points (e.g., efficiency in turning inventory into cash or managing credit control) to help students structure their evaluation. Content Highlights