A-LevelAccountingCost AccountingMay/June 2024Paper 1 Q291 Mark
The details of a planned college course are as follows: course fee per student $100 variable course cost per student $20 total fixed costs of the course $480 The budgeted number of students is 10. However, if a lower fee is charged, 20 students are likely to take the course. How much should the course fee of $100 be reduced by to earn the same total profit from 10 students as from 20 students?
A$16
B$24
C$40
D$50
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of cost accounting 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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