Financial Statements Of A Manufacturer
Gbogbo ọrọ náà
A trading business buys goods finished and ready to sell. A manufacturing business does something harder: it buys raw materials, pays people to turn them into something else, and only then has anything to sell at all. Its financial statements have to answer an extra question a trading business never faces: what did it actually cost to make the goods, before a single unit is sold?
In this lesson you will learn the difference between inventories of raw materials, work-in-progress and finished goods, and how to prepare a manufacturing account that builds from prime cost through to production cost, ready to flow straight into the income statement.
Ebumnobi
- Understand the difference between the inventories of raw materials, work-in-progress and finished goods
- Prepare manufacturing accounts to show prime cost, production cost and total cost
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Mepee maapụ uche na ngwa
Kaadị ncheta
Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.
Mee omume kaadị ndị a na ngwa
Akwụkwọ Ọmụmụ
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Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.
Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Financial Statements Of A Manufacturer. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which inventory represents goods that have been started but not yet completed? A) Raw materials B) Work-in-progress C) Finished goods D) Purchases Answer: B
- A business has cost of raw materials consumed of $40,000, direct labour of $15,000 and direct expenses of $5,000. What is the prime cost? A) $45,000 B) $55,000 C) $60,000 D) $65,000 Answer: C
- Which of the following is a factory overhead rather than a direct cost? A) Direct wages B) Royalties per unit produced C) Depreciation of factory machinery D) Cost of raw materials consumed Answer: C
- In a manufacturing account, why is closing work-in-progress deducted? A) Because it has already been sold B) Because it is not yet finished and should not count as production cost C) Because it is a factory overhead D) Because it reduces revenue Answer: B
- What replaces purchases in a manufacturer's cost of sales calculation? A) Prime cost B) Factory overheads C) Production cost D) Direct labour Answer: C
Rue ajuju ndi a n'ime ngwa ahu
Rue ajuju ndi a n'ime ngwa ahu
Akwụkwọ A Na-atụ Aro
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Financial Statements Of A Manufacturer? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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