Ib G Jun17 Accn4 Mark Scheme | Mobile |

To match the expectations of the June 2017 mark scheme, adapt your study routine using these techniques:

: 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

The mark scheme allocates individual marks for sub-calculations. Always show your formulas (e.g., Material Price Variance = (Actual Price - Standard Price) x Actual Quantity). Even if your final answer is incorrect due to an arithmetic error, you can earn "own figure" (OF) marks for correct methodology. ib g jun17 accn4 mark scheme

High-scoring answers link variances together. For instance, the mark scheme rewards students who note that a favorable material price variance (buying cheaper materials) might directly cause an adverse material usage variance (more waste due to poor quality) and an adverse labor efficiency variance (longer time spent handling poor materials). 2. Capital Investment Appraisal

Expect calculations for material and labour sub-variances (e.g., rate and efficiency). Budgeting & Marginal/Absorption Costing: To match the expectations of the June 2017

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

The June 2017 mark scheme heavily utilizes OFR. If you make an arithmetic error in Question 1a, you can still get full marks in Question 1b if your method is completely correct based on your initial wrong figure. Never give up on a multi-part question. Even if your final answer is incorrect due

In the 12-mark and 20-mark questions, many students failed to reach the top level of marks because they didn't provide a balanced argument. The mark scheme looks for a "however" or a "on the other hand" to justify high marks in AO4. 4. How to Use the Mark Scheme for Revision