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2 marksCost Classification and Manufacturing Accounts

CSEC Principles of Accounts · May/June 2011 · Paper 2 · Question 5(c)

Martha reports an average unit cost of $10 per baked item. Compute the number of baked items produced for the year ended December 31, 2010, showing all working clearly.

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Other parts of this question

  1. 5(a)Prepare the Manufacturing Account for Martha's Cakes & Confectionery, showing clearly: (i) Prime cost, (ii) Factory overheads, (iii) Total cost of production.[10 marks]
  2. 5(b)Prepare the Income Statement for Martha's Cakes & Confectionery for the year ended December 31, 2010, classifying costs appropriately.[8 marks]

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