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Exam-style practice

Manufacturing accounts answer explanations

Review worked answers and explanations for Manufacturing accounts. Aligned to Cambridge IGCSE Accounting.

Answer explanations

Question 1 of 2

Review the answer support, then move sideways through the set.

Paper 2 structured question: Manufacturing accounts

Paper 2Structured Written Paper3 marks

Description

Manufacturing Account Data

The company has the following costs: Direct materials: $50,000, Direct labor: $30,000, Factory overheads: $20,000, Work in progress at the beginning: $5,000, Work in progress at the end: $3,000.

  1. a

    Calculate the total factory cost of production for the year.

    [3]