A-LevelAccountingCostingMay/June 2023Paper 1 Q251 Mark
A business absorbs its overheads on the basis of direct labour hours. The following information is provided for its last period. actual budgeted overheads $640 000 $620 000 labour hours 13 100 12400 By how much were overheads over-absorbed or under-absorbed?
Aover-absorbed by $15000
Bunder-absorbed by $15000
Cover-absorbed by $20000
Dunder-absorbed by $20000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of costing 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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