Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

Y Limited manufactures furniture. One of the company’s factories uses an absorption costing system.
(a)[2]

State two drawbacks of absorption costing.

(b)[2]

Calculate, to two decimal places, suitable overhead absorption rates for each department.

(c)[6]

Calculate the kitchen table's selling price.

(d)[2]

State two reasons why a business may over-absorb overheads.

(e(i))[11]

Calculate the forecast monthly profit for Option A.

(e(ii))[11]

Calculate the forecast monthly profit for Option B.

(f)[7]

Recommend which option the directors should select. Justify your answer.

Worked solution & mark scheme

This 41-mark question has a full step-by-step worked solution and mark scheme. One marking point: It takes time to work out OAR

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI