pathfinder - The Institute of Chartered Accountants of Nigeria

More documents

Recommendations

Info

PATHFINDER4. The formula for allocating non-manufacturing overhead based on the ability ofthe products to bear such costs is given as ……………………..5. The file of all individual accounts supporting the total control account is calledthe ……….6. The only two major types of variances are price and………………7. Machine breakdown or lack of materials or tools gives rise to………………variance.8. A situation where variances outside pre-determined limits are investigated andnecessary action taken can be said to be an extension of the use of……………………9. In the balance sheet method of preparing a cash forecast, where the asset sidetotal is lower than the liability side total reveals a ………………………10. In a Zero Based Budgeting System, the document that forms its foundation iscalled……….11. The expense which should be allowed for the level of activity achieved is called…………12. In a break-even chart, the space between the sales line and the total cost line iscalled ……………13. The probability of throwing a total of 9 with two fair dice is ……………..14. If the probability of an event is 0.6, then the probability of its complement is............15. The relationship between Laspeyre‟s index I L , Paasche‟s index I P and Fisher‟sindex I F is represented by ………………………16. The corrected price of a commodity as a percentage of the price in the baseperiod is referred to as ……………..INTERMEDIATE EXAMINATION - NOVEMBER 201010
PATHFINDER17. In transportation problem, slack variables stand for ……………resources.18. The sum of floats of activities on the critical path is…………………19. An activity that does not consume time or resources is a/an …………………20. A path through the network with same earliest start times and latest start timesis the......SECTION B ATTEMPT ANY FOUR QUESTIONS (60 Marks)QUESTION 1a. In a manufacturing process, state any five essentials of material control that arerequired prior to actual use in production.(5 Marks)b. Storekeeping can make substantial contribution to efficient operation. State anyfive activities involved in storekeeping.(5 Marks)c. “Material Requirement Planning (MRP) is aimed at maintaining smoothproduction flows”. Explain what it entails and the requirements for theoperation of the system.(5 Marks)(Total 15 Marks)QUESTION 2Goke Limited is a construction company that has just won the construction of 2kmdrainage and 1km road projects titled projects 101 and 204 respectively fromDagbolu Local Government with effect from January. Details of data relating toproject 101 which was over 80% completed as at December are as follows:N‟ 000Material delivered directly to site 1,750Materials from the company 670Plants purchased 1,500Plants taken to site (cost N4.5m) 2,700415INTERMEDIATE EXAMINATION - NOVEMBER 201011
Page 3: PATHFINDERTABLE OF CONTENTSSUBJECTS
Page 6 and 7: PATHFINDER10. First in First out (F
Page 8 and 9: PATHFINDER1 19 912030 0 ES5TLSTX312
Page 12 and 13: PATHFINDERMaterials on site as at e
Page 14 and 15: PATHFINDERQUESTION 5The table below
Page 16 and 17: PATHFINDERWORKINGS12. EOQ =2CO D 21
Page 18: PATHFINDERWORKINGS13. Sample space
Page 21 and 22: PATHFINDERIt is recommended that:Ca
Page 23 and 24: PATHFINDERQUESTION 3OGBUEFI LIMITED
Page 25 and 26: PATHFINDERQUESTION 4(a)Euler-Venn d
Page 27 and 28: PATHFINDERP 0 Q 0 P 1 Q 1 Q 0 + Q 1
Page 29 and 30: PATHFINDEREXAMINERS‟ REPORT200 3
Page 31 and 32: PATHFINDER4. ONE of the following m
Page 33 and 34: PATHFINDER12. The auditor, in carry
Page 35 and 36: PATHFINDER19. Statutory Auditing ca
Page 37 and 38: PATHFINDER15. Section 29 of Banks a
Page 39 and 40: PATHFINDERQUESTION 5Auditing of com
Page 41 and 42: PATHFINDERPART II SHORT ANSWER QUES
Page 43 and 44: PATHFINDERany, in depreciation rate
Page 45 and 46: PATHFINDER(v)(vi)Creditors are able
Page 47 and 48: PATHFINDERvii. Natural disaster;vii
Page 49 and 50: PATHFINDERCandidates shied away fro
Page 51 and 52: PATHFINDEREXAMINERS‟ REPORTThe re
Page 53 and 54: PATHFINDERICAN/102/P/2EXAMINATION N
Page 55 and 56: PATHFINDER8. What is the term used
Page 57 and 58: PATHFINDER15. Which of the followin
Page 60 and 61:
PATHFINDERSECTION B: ATTEMPT ANY FO
Page 62 and 63:
PATHFINDERQUESTION 3Mr. James makes
Page 64 and 65:
PATHFINDERQUESTION 6SOULINE Company
Page 66 and 67:
PATHFINDER5. RATES OF PERSONAL INCO
Page 68 and 69:
PATHFINDERPART II: SHORT-ANSWER QUE
Page 70 and 71:
PATHFINDERIncome tax payable 14,259
Page 72 and 73:
PATHFINDERBased on the New Accounti
Page 74 and 75:
PATHFINDERAll the above principles
Page 76 and 77:
PATHFINDEREXAMINERS‟ REPORTPart (
Page 78 and 79:
PATHFINDERCandidates are advised to
Page 80 and 81:
PATHFINDERICAN/102/P/4EXAMINATION N
Page 82 and 83:
E. Assessment.PATHFINDER9. All rese
Page 84 and 85:
PATHFINDER17. Some students in the
Page 86 and 87:
PATHFINDER15. The statistic that di
Page 88 and 89:
PATHFINDERQUESTION 6A survey on the
Page 90 and 91:
PATHFINDEREXAMINERS‟ REPORTThe qu
Page 92 and 93:
Page 94 and 95:
PATHFINDERvi.vii.Information hoardi
Page 96 and 97:
PATHFINDER(vii)Consideration: Commu
Page 98 and 99:
PATHFINDERc ii.Cluster SamplingIt i
Page 100 and 101:
Page 102 and 103:
PATHFINDEREXAMINERS‟ REPORT:The q
Page 104:
PATHFINDERDecision:Since the calcul
show all

pathfinder - The Institute of Chartered Accountants of Nigeria

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?