Quelpr
16 marksCost Classification and Manufacturing Accounts

CSEC Principles of Accounts · May/June 2014 · Paper 2 · Question 5(a)

JB Manufacturing Company provided trial balances and additional details for the year ended 31 December 2013 regarding direct materials, factory wages, overheads, and work in process/finished goods inventories. Rent and power are apportioned 75% to factory and 25% to administration; janitor's time is 80% factory.

Prepare a Manufacturing Account for JB Manufacturing Company for the year ended 31 December 2013, showing clearly: Prime cost, Total factory overheads, and Cost of production.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 5(b)Prepare the Trading Account for the company to determine its gross income.[4 marks]

More practice: the rest of this paper · more Cost Classification and Manufacturing Accounts questions · all CSEC Principles of Accounts past papers