What is the primary thing a manufacturer need to finish his goods?
Labour
Raw material
Expenses
Factory overheads
Factory overhead is a:
Direct expense
Indirect expense
Income
Work schedule
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 do you do with opening stock in manufacturing account?
Added
Deducted
Not included
Not doing
What do you call the people, who are actually engaged in the production of the finished goods?
Daily labours
Direct labour
Non labour
Which type of records will a manufacturing business maintain?
Single
Double
Triple
No entry
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
In the below list, which one is NOT included in the prime cost list?
Direct wages
Those expenses which cannot be directly linked with the product being manufactured is known as:
Direct expenses
Wages
Expenditure
In a manufacturing concern, where will the current assets be shown?
Trading account
Profit and loss account
Manufacturing account
Balance sheet