A-LevelAccountingManagement Accounting (Cost-Volume-Profit Analysis)May/June 2017Paper 1 Q261 Mark
The budgeted income statement of J Limited shows the following. $ sales 400 000 variable costs 240 000 fixed costs 132 000 profit for the year 28 000 What is the margin of safety in dollars?
A$70000
B$160000
C$268 000
D$330000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of management accounting (cost-volume-profit analysis) 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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