Jun17 Accn4 Mark Scheme: Ib G

: Spending too long trying to perfect a minor 4-mark calculation, leaving insufficient time to answer a high-yielding 12-mark evaluation question at the end of the paper.

: Narrative responses must link the cause of the variance to its operational impact (e.g., how buying cheaper materials affects labor efficiency). Capital Investment Appraisal ib g jun17 accn4 mark scheme

: Marks were tied to utilizing the exact discount factors provided in the exam tables. Rounding errors mid-calculation were penalized if they deviated from the table values. : Spending too long trying to perfect a

The mark scheme highlights the impacts of budgetary slack and the psychological differences between top-down (imposed) budgeting and bottom-up (participative) budgeting. Decoding the Written Response Levels of Response : Calculating price per unit based on direct

Calculating sub-variances, including material price, material usage, labor rate, and labor efficiency variances.

: 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

You must correctly calculate sub-variances, including material price/usage and labor rate/efficiency.