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9609 s18 ms 13
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- Fixed costs
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Question Answer Marks 4(a) Define the term ‘marginal costs’. The cost / extra cost of producing one more unit of output (2). Or partial definitions such as – Addition to total cost (1) Additional costs of production (1) Sound definition gives the full two-mark definition above (2 marks) Partial definition lists 1 of the partial factors above. (1 mark) No creditable content. (0 marks) 2 9609/13 Cambridge International AS/A Level – Mark Scheme PUBLISHED May/June 2018 © UCLES 2018 Page 7 of 12 Question Answer Marks 4(b) Briefly explain, with examples, two other types of business costs. Answers could include the following costs: • Fixed costs – costs that do not vary with output in the short-term e.g. rent of premises. • Variable costs – costs that change with output e.g. cost of materials used in making a computer. • Semi-variable costs – these have a fixed and variable element, e.g. the basic wage of a salesperson (fixed) and commission earned (variable). • Direct costs – costs that can clearly be identified with each unit of production and can be allocated to a cost centre, e.g. the wages of a garage mechanic. • Indirect costs – costs that cannot be clearly identified with a unit of production and cannot be allocated directly to a cost centre – e.g. the cost of cleaning a retail shop. Sound explanation of two other types of business costs, with an example of each. (3 marks) Sound explanation of one other type of business cost, with an example, or a Download 156.75 Kb. Do'stlaringiz bilan baham: |
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