The manufacturing account is prepared to ascertain
...The manufacturing account is prepared to ascertain
Cost of goods sold
Cost of production
Gross profit
Finished goods
Correct answer is B
The manufacturing account forms an integral part of the revenue account of a manufacturing organization. It is prepared to know the cost of the goods manufactured or to ascertain the amount of any profit on the manufacturing process i.e the cost of production.
Given: Direct material N2,500 Direct labour N5,000 Direct expenses N1,000 Overhead expenses N1,5...
The part of the C.P.U used for the processing of data is ...
The process of cost apportionment is carried out so that ...
In analyzing incomplete records, which of the following should be investigated? ...
Which of the following has a debit balance at the end of the year? ...
Which of the following is no part of prime cost of production? ...
Which of the following is not used for determining working capital? ...
The rule of accounting equation requires that account payable should be placed under? ...