O-LevelAccountingAccounting proceduresOct/Nov 2022Paper 1 Q261 Mark
In a manufacturing account, carriage on raw materials was incorrectly treated as a factory overhead. How did this error affect the prime cost and the cost of production? prime cost cost of production A overstated no effect B overstated overstated C understated no effect D understated understated
Aoverstated, no effect
Boverstated, overstated
Cunderstated, no effect
Dunderstated, understated
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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