O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2024 · Q281 Mark

After a manufacturing account had been completed it was discovered that wages paid to factory cleaners had not been included. Which items in the manufacturing account would change after this error was corrected? 1 direct wages 2 indirect wages 3 prime cost 4 production cost

A1 and 2

B1, 3 and 4

C2 and 4

D3 and 4 only

✓ Correct answer

C: 2 and 4

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 28.

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After a manufacturing account had been completed it was discovered that wages paid to factory cleaners had not been included. Which items in the manufacturing account would change after this error was corrected? 1 direct wages 2 indirect wages 3 prime cost 4 production cost

✓ Correct answer

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