A-LevelAccountingTraditional costing methods9706/12 · Oct/Nov 2015 · Q271 Mark

A manufacturer produces 100000 tins of paint with a total direct materials cost of $300000. Direct labour is 2000 hours at a cost of $400000, and overheads are absorbed at the rate of $100 per direct labour hour. What is the cost of a tin of paint?

A$3

B$5

C$7

D$9

✓ Correct answer

D: $9

Oracle Prep sorts past-paper questions by topic, so you can drill Traditional costing methods and see which topics are most likely to come up next.

Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2015 Paper 1 Variant 2, question 27.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

The following information is available. budget actual overheads $60000 $66 000 direct labour 30 000 hours 35 000 hour…

A particular cost is classified as 'semi-variable'. What effect will a 20% reduction in activity have on the unit cost?

A business produces and sells watches. In 2015, 4000 watches were produced and 3600 watches were sold. Other informat…

The statement of the financial position of a company shows the following: $ tangible non-current assets 20 600 intang…

An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not acc…

A computer used for demonstration to customers was treated as capital expenditure. At the end of the year a customer …