Question 1c
Marking Guide
substantive tests on royalties | |
| up to 11/2 marks for description of test and 1/2 mark for stating objective, but maximum 6. | |
| compare royalties with sales income | |
| compare budgeted and actual royalties | |
| review sales statistics | |
| check whether royalties due and correctly calculated | |
| agree royalty payments to supporting documentation | |
| check cut-off | |
| compare expected and actual royalties | |
| maximum marks | 6 |