O-LevelAccountingPreparation of financial statementsOct/Nov 2024Paper 1 Q291 Mark
W Limited manufactures motorbikes. The following information relates to the first year in business. purchases of motorbike parts $40000 wages of factory workers $25000 production overheads $8000 inventory of motorbike parts at the year end $3000 inventory of partly finished motorbikes at the year end $7000 What was the cost of production of the motorbikes completed during the year?
A$63000
B$65000
C$70000
D$77000
✓ Correct Answer
The correct answer is A: $63000
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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