As a manufacturer, if you buy a finished good, where will you account this?
Cost of goods produced
Finished goods
Rent account
Nominal account
What is the primary thing a manufacturer need to finish his goods?
Labour
Raw material
Expenses
Factory overheads
Out of this, which one is NOT included in manufacture account?
Direct labour
Direct expenses
Direct materials
Transportation
Those expenses which cannot be directly linked with the product being manufactured is known as:
Wages
Expenditure
Factory overhead is a:
Direct expense
Indirect expense
Income
Work schedule
What do you call the people, who are actually engaged in the production of the finished goods?
Daily labours
Non labour
In a manufacturing concern, where will the current assets be shown?
Trading account
Profit and loss account
Manufacturing account
Balance sheet
The partially made goods at the end of the financial year are known as:
Opening stock
Closing stock
Opening stock of work in progress
Closing stock of work in progress
The cost to manufacture the goods produced in the financial year of the business is a function of:
Wages is a:
Salary
Indirect expenses
Revenue