: Calculating price per unit based on direct materials, direct labor, and fixed overheads (e.g., applying a markup of 40%). 2. Question 2: Absorption vs. Marginal Costing
The mark scheme is not just "correct answers" – it’s a guide for examiners. Key features:
Based on the June 2017 paper and general ACCN4 mark scheme structures, key areas of assessment include:
: You must be able to calculate and evaluate Payback Period and Net Present Value (NPV) for competing projects (e.g., "Machine A" vs. "Machine B"). ib g jun17 accn4 mark scheme
It is important to note that official mark schemes are often protected by copyright. Always download them from legitimate sources.
To hit the full 6 marks for analysis in an accounting question of this caliber, the mark scheme expected candidates to calculate . Based on the June 2017 context (which heavily featured liquidity, profitability, and efficiency), the expected calculations were likely variations of the following:
Candidates must use a calculator and show all workings clearly to ensure "method marks" are not lost. 2. Core Syllabus Topics Tested : Calculating price per unit based on direct
Calculating cash flows, identifying the correct discount factor, and determining the overall project feasibility.
Assessing the non-financial impacts of accounting decisions, such as environmental factors or employee morale. Deep Dive into the JUN17 Mark Scheme Key Topics 1. Standard Costing and Variances
: Take the essay questions where you scored in Level 1 or Level 2 and rewrite them to meet the Level 3 criteria—ensuring you add a justified conclusion. Marginal Costing The mark scheme is not just
Ratio Analysis and Interpretation: Beyond simple calculations, the 2017 mark scheme looked for deep analysis. Students were expected to compare performance over time or against industry benchmarks, using ratios like ROCE (Return on Capital Employed) and the current ratio to draw meaningful conclusions about a business's liquidity and profitability.
In the 2017 paper, candidates were required to apply marginal costing techniques to PR Support Limited, an administrative support business.
The June 2017 paper was a particularly telling exam because it sat midway between the old specification and the gradual introduction of new international standards. The "ib g jun17 accn4 mark scheme" is thus a perfect snapshot of how AQA expected students to handle complex, multi-part scenario questions.