Manufacturing Accounts – Q & A

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 14, 2021

1. What do you mean by manufacturing concern?

2. Define trading concern.

3. Define direct material.

4. Define direct labour cost.

5. Explain direct labour.

6. Explain indirect labour.

7. Define factory overhead.

8. What is prime cost?

9. What is conversion cost?

10. What is factory cost?

2 thoughts on “Manufacturing Accounts – Q & A”

  1. Are the same CGM (cost of manufacturing) and COGS (cost of good sold) ?
    How to recognize these two cost .


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