A-LevelAccountingCost AccountingOct/Nov 2022Paper 1 Q271 Mark
A business manufactures and sells a single product. It is sold for $10 per batch. The variable cost is $4 per batch. Fixed costs are absorbed based on a normal activity level of 5000 batches at $1 per batch. What is the profit, using marginal costing, if the company makes and sells 6000 batches?
A$24000
B$30000
C$31000
D$36000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of cost accounting within the Accountingsyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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