BESTLEC
Mark Scheme (Results)
January 2024
C
Pearson Edexcel International Advanced Level
LE
In Accounting (WAC11) Paper 01
Unit 1: The Accounting System and Costing
ST
BE
, BESTLEC
Edexcel and BTEC Qualifications
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We
provide a wide range of qualifications including academic, vocational, occupational and specific
programmes for employers. For further information visit our qualifications websites at
www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using the
details on our contact us page at www.edexcel.com/contactus.
C
LE
Pearson: helping people progress, everywhere
ST
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
progress in their lives through education. We believe in every kind of learning, for all kinds of
people, wherever they are in the world. We’ve been involved in education for over 150 years,
and by working across 70 countries, in 100 languages, we have built an international reputation
BE
for our commitment to high standards and raising achievement through innovation in
education. Find out more about how we can help you and your students at:
www.pearson.com/uk
, BESTLEC
General Marking Guidance
• All candidates must receive the same
treatment. Examiners must mark the first candidate in
exactly the same way as they mark the last.
• Mark schemes should be applied positively. Candidates
must be rewarded for what they have shown they can do
rather than penalised for omissions.
• Examiners should mark according to the mark scheme
not according to their perception of where the grade
boundaries may lie.
• There is no ceiling on achievement. All marks on the mark
scheme should be used appropriately.
• All the marks on the mark scheme are designed to be
C
awarded. Examiners should always award full marks if
deserved, i.e. if the answer matches the mark
LE
scheme. Examiners should also be prepared to award
zero marks if the candidate’s response is not worthy of
credit according to the mark scheme.
• Where some judgement is required, mark schemes will
ST
provide the principles by which marks will be awarded
and exemplification may be limited.
• When examiners are in doubt regarding the application
of the mark scheme to a candidate’s response, the team
BE
leader must be consulted.
• Crossed out work should be marked UNLESS the
candidate has replaced it with an alternative response.
, BESTLEC
SECTION A
Q1
(a)(i) AO1:(4): AO2(6)
AO1: Four marks for recording given balances and using correct labels
AO2: Six marks for calculating and correct use of balance
Cachi
Manufacturing Account for the year ended 31 December 2023
£ £
Opening inventory of plastic 2 500
waste
Purchases of plastic waste 25 000
27 500
Closing inventory of plastic (5 000)
C
waste
Cost of plastic waste 22 500 (1) AO2
LE
consumed
Production wages 75 000 (1) AO1
Prime cost (1) AO1 97 500 (1of) AO2 No
ST
aliens
Overheads:
Depreciation on machinery 17 000 (1) AO2
Production salaries 40 000 (1) AO2
BE
Indirect production expenses 9 500 (1) AO1
Electricity and water 16 000 (1) AO2
82 500
Cost of production (1) AO1 180 000 (1of) AO2 No
aliens
(10)
Mark Scheme (Results)
January 2024
C
Pearson Edexcel International Advanced Level
LE
In Accounting (WAC11) Paper 01
Unit 1: The Accounting System and Costing
ST
BE
, BESTLEC
Edexcel and BTEC Qualifications
Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We
provide a wide range of qualifications including academic, vocational, occupational and specific
programmes for employers. For further information visit our qualifications websites at
www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using the
details on our contact us page at www.edexcel.com/contactus.
C
LE
Pearson: helping people progress, everywhere
ST
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
progress in their lives through education. We believe in every kind of learning, for all kinds of
people, wherever they are in the world. We’ve been involved in education for over 150 years,
and by working across 70 countries, in 100 languages, we have built an international reputation
BE
for our commitment to high standards and raising achievement through innovation in
education. Find out more about how we can help you and your students at:
www.pearson.com/uk
, BESTLEC
General Marking Guidance
• All candidates must receive the same
treatment. Examiners must mark the first candidate in
exactly the same way as they mark the last.
• Mark schemes should be applied positively. Candidates
must be rewarded for what they have shown they can do
rather than penalised for omissions.
• Examiners should mark according to the mark scheme
not according to their perception of where the grade
boundaries may lie.
• There is no ceiling on achievement. All marks on the mark
scheme should be used appropriately.
• All the marks on the mark scheme are designed to be
C
awarded. Examiners should always award full marks if
deserved, i.e. if the answer matches the mark
LE
scheme. Examiners should also be prepared to award
zero marks if the candidate’s response is not worthy of
credit according to the mark scheme.
• Where some judgement is required, mark schemes will
ST
provide the principles by which marks will be awarded
and exemplification may be limited.
• When examiners are in doubt regarding the application
of the mark scheme to a candidate’s response, the team
BE
leader must be consulted.
• Crossed out work should be marked UNLESS the
candidate has replaced it with an alternative response.
, BESTLEC
SECTION A
Q1
(a)(i) AO1:(4): AO2(6)
AO1: Four marks for recording given balances and using correct labels
AO2: Six marks for calculating and correct use of balance
Cachi
Manufacturing Account for the year ended 31 December 2023
£ £
Opening inventory of plastic 2 500
waste
Purchases of plastic waste 25 000
27 500
Closing inventory of plastic (5 000)
C
waste
Cost of plastic waste 22 500 (1) AO2
LE
consumed
Production wages 75 000 (1) AO1
Prime cost (1) AO1 97 500 (1of) AO2 No
ST
aliens
Overheads:
Depreciation on machinery 17 000 (1) AO2
Production salaries 40 000 (1) AO2
BE
Indirect production expenses 9 500 (1) AO1
Electricity and water 16 000 (1) AO2
82 500
Cost of production (1) AO1 180 000 (1of) AO2 No
aliens
(10)
