CSEC Principles of Accounts · May/June 2016 · Paper 2 · Question 4(b)(i)
Prepare the Income Statement for the year ended 31 December 2015, showing clearly the Gross Income.
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- 4(a)(i)Prepare the Manufacturing Account for the year ended 31 December 2015, showing clearly the cost of raw materials used.[4 marks]
- 4(a)(ii)Show clearly the prime cost in the Manufacturing Account.[3 marks]
- 4(a)(iii)Show clearly the total production cost in the Manufacturing Account.[4 marks]
- 4(b)(ii)Show clearly the Net Income in the Income Statement.[3 marks]
- 4(c)Calculate the unit cost of production for the year given that 12 900 sets were manufactured.[2 marks]
More practice: the rest of this paper · more Cost Classification and Manufacturing Accounts questions · all CSEC Principles of Accounts past papers