This question paper consists of 18 pages
www.summariessa.co.za Accounting
Grade 12 November Paper 1
, Page 2 of 16
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY
1. This paper consists of:
` a question paper with 17 pages
` an answer booklet consisting of 14 pages
` formula sheet at the back of the question paper on page 17
Make sure that your question paper and answer booklet have all
the
correct pages.
2. Write your full name clearly on your answer booklet. Circle your
subject educator’s code on the answer sheet.
3. There are FOUR questions.
4. Answer ALL the questions in the answer booklet.
5. Show ALL workings to earn part-marks.
6. Read the instructions carefully and follow them precisely.
7. You may use a dark pencil or blue/black ink to answer the
questions.
8. Where applicable, show ALL calculations to ONE decimal point.
9. Write neatly and legibly.
10. Use the time guideline stipulated for each question as a guide
when answering each question and try not to deviate from it.
11. STUDY YOUR ANSWER SHEETS CAREFULLY TO AVOID
ANY UNNECESSARY CALCULATIONS.
www.summariessa.co.za Accounting
Grade 12 November Paper 1
, Page 3 of 16
QUESTION 1: 43 marks : 34 minutes
Topic: This question integrate
Concepts; Calculations,
Production Cost Statement,
Cost Accounting
Break-even point and analysis
and interpretation.
QUESTION 2: 38 marks : 31 minutes
Topic: This question integrate
Cash Budget calculations; Ratio
calculation; Projected Income
Budgets
Statement; Analysis and
interpretation
QUESTION 3: 45 marks : 36 minutes
Topic: This question integrate
Bank Reconciliation, Debtor’s
Age Analysis, Creditors’
Reconciliations
Reconciliation, internal control
measurers
QUESTION 4:24 marks : 19 minutes
Topic: This question integrate
VAT calculations; Asset disposal
VAT & Asset Management
and control measures.
www.summariessa.co.za Accounting
Grade 12 November Paper 1
, Page 4 of 16
QUESTION 1 43 marks : 34
minutes
Cost Accounting
1.1 Choose the correct answer from the words provided within
brackets.
Write only the answer next to the numbers (1.1.1 – 1.1.3) in the
answer book.
1.1.1(Office stationery / packing material) will NOT be
regarded as an administration cost.
(1)
1.1.2Cleaning detergents used in the factory is an example of
(direct
material / indirect material).
(1)
1.1.3An increase in the number of units produced will lead to
a/an
(decrease / increase) in the fixed cost per unit.
(1)
1.2 FRESH MANUFACTURERS
Fresh Manufacturers makes cotton towels. Information for the
financial year ended 28 February 2023 is provided.
REQUIRED
1.2.1Calculate the cost of the raw materials issued to the factory
during the financial year.
(7)
www.summariessa.co.za Accounting
Grade 12 November Paper 1
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