A-LevelAccountingManufacturing AccountsOct/Nov 2014Paper 1 Q141 Mark
The manufacturing account and income statement of a trader show the following: $ purchases of raw materials 70000 direct costs and overheads 54000 increase in inventory of raw materials 8000 decrease in work in progress 3000 increase in inventory of finished goods 14000 What are the values of cost of production and cost of sales?
Acost of production $119000, cost of sales $105 000
Bcost of production $124000, cost of sales $105000
Ccost of production $124000, cost of sales $143000
Dcost of production $129 000, cost of sales $143000
✓ Correct Answer
The correct answer is A: cost of production $119000, cost of sales $105 000
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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