Manufacturing accounts：練習問題

In a manufacturing account, what is the name given to the total of all direct production costs, such as direct materials, direct labour, and direct expenses?

In a manufacturing account, which of the following costs is classified as prime cost?

A manufacturing company provided the following information for the year ended 31 December 2023:

\(\begin{array}{|l|r|}\hline \text{Prime cost} & \$120,000 \\ \text{Factory overheads} & \$45,000 \\ \text{Work in progress at 1 January 2023} & \$8,000 \\ \text{Work in progress at 31 December 2023} & \$6,500 \\ \hline \end{array}\)

What was the factory cost of production?

Which of the following is classified as a factory overhead in a manufacturing account?

A manufacturer provides the following data for a period: raw materials consumed \(\$40,000\), direct factory wages \(\$25,000\), factory rent \(\$10,000\), and royalties paid per unit produced \(\$5,000\). Calculate the prime cost.

A manufacturing business has the following costs for the year:
Direct materials: \(\$45,000\)
Direct labour: \(\$30,000\)
Factory overheads: \(\$15,000\)
Work in progress at the start was \(\$5,000\) and at the end was \(\$7,500\).
Calculate the factory cost of production.