Manufacturing Accounts Q&A

2. Define trading concern. See answer 4. Define direct labor cost. See answer 6. Explain indirect labor. See answer 8. What is prime cost? See answer 10. What is factory cost? See answer

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Manufacturing Accounts: Fill In the Blanks

1. Net sales – Cost of goods sold = . See answer 2. Cost of goods sold = Opening finished goods + – closing finished goods. See answer 3. Cost of goods manufactured = Opening WIP + – closing W.I.P. See answer 4. Direct labor + Direct material consumed + Factory overhead = . See answer 5. Opening WIP + Factory cost – Closing WIP = . See answer 6. Raw materials (RM) consumed = Opening RM + RM purcha…

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Manufacturing Accounts MCQs

Test your knowledge with this multiple choice question (MCQ) test on manufacturing accounts. If you can answer every question correctly, it will be great preparation for your exams, interviews, and professional work. Just click the “Start Quiz” to begin the quiz. Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information Manufacturing accounts mcqs You have…

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