This section focused on standard costing and calculating variances for materials and labor.
: To score full marks in the evaluation section, students must compare the quantitative metrics (like a positive NPV) against qualitative risks (like staff training needs or market volatility). Common Pitfalls Identified in JUN17
Some students ask: "Why use a paper from June 2017? Isn't it outdated?" No. Here is why: ib g jun17 accn4 mark scheme
Full question paper breakdowns and student-uploaded mark schemes can be found on Studocu and Course Hero .
This requires a weighted conclusion. You must present arguments for and against a course of action, use data from your calculations to back up your points, and make a definitive, justified final decision. Key Takeaways from the Examiner's Report This section focused on standard costing and calculating
The mark scheme enforces strict mathematical accuracy. In variance analysis, missing a label (such as failing to specify whether a variance is or Favorable (F) ) immediately forfeits the mark, even if the calculation is correct. Similarly, in NPV calculations, rounding errors in applying discount factors can cascade through the final figures, though the mark scheme does utilize the "Own Figure Rule" (OFR) to avoid penalizing a student twice for a single initial error. The Own Figure Rule (OFR)
In the 2017 paper, candidates were required to apply marginal costing techniques to PR Support Limited, an administrative support business. Isn't it outdated
AI responses may include mistakes. Information may vary depending on location or individual circumstances. Learn more 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017 - Studocu
In the June 2017 paper, students often lose marks by simply stating whether a variance is or Adverse (A) without showing the underlying calculation stages.
: If you make an arithmetic error in the early stage of a multi-step calculation (e.g., miscalculating total sales revenue), you will lose the mark for that specific number. However, if you use that incorrect figure correctly in subsequent steps (e.g., calculating the resulting cash inflows), you can still score full marks for the later sections.
The paper featured a 26-mark question requiring students to evaluate two potential machine purchases, likely for increasing efficiency in their administrative services.