A-LevelAccountingCosting MethodsFeb/Mar 2018Paper 1 Q221 Mark
Which statements about absorption costing are correct? 1 It can be used as a basis for calculating the selling price of a product. 2 It ensures that all the costs of the business are charged to the production. 3 It ensures that only variable costs are charged to production. 4 It is used to calculate the factory cost for a unit of production.
A1 and 2
B1 and 4
C2 and 4
D3 and 4
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of costing methods within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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