CONFIRM WAEC GCE PRINCIPLES OF COST ACCOUNTING PAST QUESTIONS & ANSWERS 2017

REAL WAEC GCE PRINCIPLES OF COST ACCOUNTING QUESTIONS AND ANSWERS 2017 | CONFIRM WAEC GCE PRINCIPLES OF COST ACCOUNTING PAST QUESTIONS & ANSWERS 2017 | Waec 2017 Principles Of Cost Accounting Questions & Answers Expo Posted Free | waec gce complete, real, simplified, free approved, confirmed 100% essay and objective past questions and answers 2017 | REAL WAEC GCE PRINCIPLES OF COST ACCOUNTING QUESTIONS AND ANSWERS 2017 In this article we shall be covering questions like:

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CONFIRM WAEC GCE PRINCIPLES OF COST ACCOUNTING PAST QUESTIONS & ANSWERS 2017

PRINCIPLES OF COST ACCOUNTING SCHEME OF EXAMINATION

There will be two papers, Papers 1 and 2, both of which will be a composite paper to be taken at one sitting.

PAPER 1: Will consist of fifty multiple-choice objective questions all of which must be answered within 1 hour for of 25 marks.

PAPER 2: Will consist of nine essay-type questions. Candidates will be required to answer five questions within 2 hours for 75 marks.

The paper will consist of two sections as follows:

Section A: Theory of Principles of Cost Accounting – four questions will be set and candidates will be required to answer two questions for 15 marks each.

Section B: Practices of Principles of Cost Accounting – five questions will be set and candidates will be required to answer three question for 15 marks each.

SAMPLE QUESTIONS

PAPER 1
(OBJECTIVES)

PAPER 2
SECTION A: THEORY
1. (a) Similarly what is labour? (2 marks) (b) Explain labour turnover. ( 3 marks )

(c) Furthermore State five causes of labour turnover ( 10 marks)

2. (a) What is stock control? (5 marks).

(b) Furthermore explain five factors that determine the levels of stock to be kept in store by an organization. (10 marks)
3. (a) As a matter of fact explain the activity based costing model. (3 marks ).

(b) State four differences between the activity based costing and the traditional product cost system.
(12 marks ).

4. Explain the following types of cost:
(a) Material cost (b) Period cost (c) Product cost
(d) Functional cost
(e) Lastly Marginal cost ( 15 marks ).

CONFIRM WAEC GCE PRINCIPLES OF COST ACCOUNTING PAST QUESTIONS & ANSWERS 2017

SECTION B
[PRACTICE]

5. Adom Ltd has provided the following forecast in respect of usage of material ‘G’.

Maximum usage per month 600 units Normal usage per month 400 units Re-order quantity 2000 units
Re-order period 3 – 5 months
You are required to calculate:

(a) Re-order level (4 marks)
(b) As a matter of fact Minimum stock level (4 marks)
(c) Maximum stock level (4 marks)
(d) Lastly Average stock level (3 marks)

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