The difference between the factory cost of production and the prime cost of production is?
Direct materials
Direct labour
Selling expenses
Overhead
Correct answer is B
No explanation has been provided for this answer.
Manufacturing costs can be classified based on
Timing of charges degree of averaging and size of capital
Degree of averaging, ease of traceability and timing of charges
Degree of averaging, size of floor space occupied and cost accounts
Number of employees, timing of charges and management style
Correct answer is D
No explanation has been provided for this answer.
Cement, sand and carriage outwards
Water carriage inwards and cement
Sales boy's wages, cement and sand
Carriage outwards, carriage inwards and cement
Correct answer is A
No explanation has been provided for this answer.
Debiting manufacturing account and crediting trading acccount
Crediting sales account and debiting trading account
Debiting sales account and crediting trading account
Crediting manufacturing account and debiting trading account
Correct answer is D
No explanation has been provided for this answer.
In dealing with incomplete records, fixed assets are posted to?
Opening profit and loss as brought forward figures
Closing balance sheet as carried forward figures
Closing balance sheets as brought forward figures
Closing profit and loss as brought forward figures
Correct answer is C
No explanation has been provided for this answer.