Manufacturing accounts – Q & A

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on June 18, 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?

Related posts:

  1. Reconciliation of Cost and Financial Accounts
  2. Similarities and Differences Between Cost Accounts and Financial Accounts
  3. Difference between trading and manufacturing concern
  4. How to prepare income statement for a manufacturing company
  5. Classification of accounts

Related posts:

  1. Reconciliation of Cost and Financial Accounts
  2. Similarities and Differences Between Cost Accounts and Financial Accounts
  3. Difference between trading and manufacturing concern
  4. How to prepare income statement for a manufacturing company
  5. Classification of accounts

1 thought 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 .

    Reply

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