Manufacturing accounts – Q & A

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?

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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