Ib G Jun17 Accn4 Mark Scheme !new!

Budgeting and Variance Analysis: A significant portion of the paper dealt with standard costing. The mark scheme provides a step-by-step breakdown of how to calculate material and labor variances, rewarding students who could not only find the numerical difference but also explain the underlying causes of those variances. Breakdown of the Marking Criteria

The JUN17 scheme heavily utilizes the rule. If a student makes an early mathematical error but carries that incorrect figure through subsequent formulas correctly, they are not penalized twice. Marks are still awarded for correct methodology. 2. Assessment Objectives (AOs) Marks are strictly divided into three primary categories: ib g jun17 accn4 mark scheme