ASCM-L15 — Full Mock Paper Practice
Applying the complete AS Cost & Management Accounting syllabus under examination conditions through a full-length mock examination.
Learning Objectives
By the end of this lesson students should be able to:
• apply knowledge from the complete AS Cost & Management Accounting syllabus
• solve structured examination questions
• manage examination time effectively
• present professional accounting calculations
• evaluate performance and identify areas for improvement
MOCK EXAMINATION INSTRUCTIONS
Duration:
1 hour 30 minutes
Recommended Marks:
50
Instructions:
• Attempt all questions.
• Show all workings clearly.
• State all formulae used where appropriate.
• Support written answers with suitable explanations.
• Manage your time according to the marks allocated.
MOCK PAPER
Question 1 – Cost Classification (6 Marks)
Classify each of the following as:
(a) Direct or Indirect Cost
(b) Fixed or Variable Cost
• Factory Rent
• Direct Materials
• Production Supervisor Salary
• Direct Labour
• Machine Lubricants
• Packaging Materials
Question 2 – Material & Labour Costing (8 Marks)
A business incurred:
Direct Materials
£24,000
Direct Labour
£18,000
Direct Expenses
£3,000
Production Overheads
£15,000
Required:
(a) Calculate Prime Cost.
(b) Calculate Total Production Cost.
(c) Explain the importance of distinguishing direct and indirect costs.
Question 3 – Unit Costing (6 Marks)
Total Production Cost:
£72,000
Units Produced:
12,000
Required:
(a) Calculate the cost per unit.
(b) State two industries where unit costing is appropriate.
Question 4 – Absorption Costing (8 Marks)
Budgeted Production Overheads:
£96,000
Budgeted Machine Hours:
24,000
Actual Machine Hours Worked:
350
Required:
(a) Calculate the Overhead Absorption Rate.
(b) Calculate the overheads absorbed.
(c) Explain why overhead absorption is necessary.
Question 5 – Marginal Costing (10 Marks)
Selling Price:
£30 per unit
Variable Cost:
£18 per unit
Units Sold:
5,000
Fixed Costs:
£45,000
Required:
(a) Calculate Contribution per Unit.
(b) Calculate Total Contribution.
(c) Calculate Profit.
(d) Explain the significance of contribution to management.
Question 6 – Marginal vs Absorption Costing (12 Marks)
Closing Inventory increased by
1,000 units.
Fixed Production Overhead Rate:
£4 per unit.
Required:
(a) Calculate the difference in reported profit.
(b) State which costing method reports the higher profit.
(c) Explain the reason for the difference.
MARKING SCHEME
| Question | Marks |
|---|---|
| Q1 | 6 |
| Q2 | 8 |
| Q3 | 6 |
| Q4 | 8 |
| Q5 | 10 |
| Q6 | 12 |
| Total | 50 |
EXAMINATION CHECKLIST
Before submitting your paper:
✓ Attempt every question.
✓ Check all calculations.
✓ Verify formulae.
✓ Label answers clearly.
✓ Include units (£, units, hours).
✓ Ensure explanations answer the question.
SELF-EVALUATION GRID
| Performance Area | Rating (1–5) |
|---|---|
| Cost Classification | □ |
| Material & Labour Costing | □ |
| Unit Costing | □ |
| Absorption Costing | □ |
| Marginal Costing | □ |
| Costing Method Comparison | □ |
| Time Management | □ |
| Presentation | □ |
PERFORMANCE ANALYSIS
| Score | Performance Level | Recommendation |
|---|---|---|
| 45–50 | Excellent | Continue with final revision |
| 38–44 | Very Good | Revise weaker topics |
| 30–37 | Good | Increase question practice |
| 20–29 | Developing | Review key concepts and calculations |
| Below 20 | Foundation Required | Revisit lessons before attempting another mock paper |
STRUCTURED REFLECTION
After completing the mock paper, answer the following:
1. Which question did you find most challenging?
2. Which costing method are you most confident with?
3. What mistakes did you make?
4. Which topic requires additional revision?
5. What is your target score in the next mock paper?
MODEL ANSWER SUMMARY
Key results include:
Q2
Prime Cost
= £45,000
Production Cost
= £60,000
Q3
Cost Per Unit
= £6
Q4
OAR
= £4 per machine hour
Overheads Absorbed
= £1,400
Q5
Contribution per Unit
= £12
Total Contribution
= £60,000
Profit
= £15,000
Q6
Difference in Profit
= £4,000
Absorption Costing reports the higher profit because fixed production overheads are included in closing inventory.
HOW THIS MOCK REFLECTS THE EXAMINATION
This mock paper integrates the complete AS Cost & Management Accounting syllabus, including:
✓ Cost Classification
✓ Material & Labour Costing
✓ Unit Costing
✓ Job & Batch Costing Concepts
✓ Absorption Costing
✓ Overhead Absorption Rates
✓ Marginal Costing
✓ Contribution Analysis
✓ Marginal vs Absorption Costing
Students should attempt the paper under examination conditions for maximum benefit.
Self-Assessment Checklist
□ I completed the paper within the time limit.
□ I showed all workings clearly.
□ I answered every question.
□ I understand my mistakes.
□ I know which topics require further revision.
□ I feel confident for the final examination.
Continue Your Preparation
Go beyond the lesson with curated resources, examination practice and video learning.
PREMIUM RESOURCES
Master the topic with curated learning, revision and assessment resources
GUESS PAPERS
Prepare for the examination with complete Guess Paper packages and Mark Schemes.
VIDEO ON DEMAND
Watch, revise and strengthen your understanding with Shasha Academy videos.