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CSEC Principles of Accounts · January 2014 · Paper 2 · Question 5(a)

Five Jam Producers provided a classification task for various cost items.

Classify EACH cost item as either Manufacturing Account or Income Statement. For EACH item classified as Manufacturing Account, indicate whether it is a Direct or Indirect cost.

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Other parts of this question

  1. 5(b)(i)Calculate the Cost of Raw Materials Consumed for Blings & Tings Manufacturing for the year ended 30 November 2013.[5 marks]
  2. 5(b)(ii)Calculate the Prime Cost for Blings & Tings Manufacturing for the year ended 30 November 2013.[3 marks]
  3. 5(b)(iii)Calculate the Cost of Production for Blings & Tings Manufacturing for the year ended 30 November 2013.[5 marks]

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