A-LevelAccountingTraditional costing methods9706/12 · May/June 2012 · Q291 Mark

The following information is forecast for May. units opening inventory 25 200 closing inventory 28 200 $ marginal cost profit 100 800 absorption cost profit 120 300 What is the overhead absorption rate?

A$3.57

B$4.27

C$4.77

D$6.50

✓ Correct answer

D: $6.50

Oracle Prep sorts past-paper questions by topic, so you can drill Traditional costing methods and see which topics are most likely to come up next.

Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2012 Paper 1 Variant 2, question 29.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Which statements about cost-volume-profit analysis are correct? 1 Profits are calculated on an absorption costing bas…

Which item is a direct cost?

Samuel manufactures a single product. Total cost per unit is $70 when production is 100 units per week, and $62.50 wh…

The statements of financial position of Goh's business showed the following: 30 June 2014 30 June 2015 net assets $15…

P joined the partnership of G and H. He brought into the business the following assets. non-current assets cost $2500…

X and Y have capital accounts of $50000 each and share profits equally. They plan to admit Z into partnership. The ne…