A-LevelAccountingCosting and Decision MakingOct/Nov 2013Paper 1 Q291 Mark
A company is asked to make a new machine for a customer. It provides the following estimates. materials will cost $1100 labour will be 30 hours at a cost of $14 per hour The company charges overheads at $10 per labour hour and has a mark up of 30% on total cost. What is the price on the job cost sheet?
A$1520
B$1820
C$1976
D$2366
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of costing and decision making 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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