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ZIMSEC O-Level Principles of Accounting

18Manufacturing Accounts

Manufacturing Accounts in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic39 practice questions2 lessons

Overview

Form 4: direct and indirect costs, prime cost, work in progress, income statements and statements of financial position.

Learning objectives

What the syllabus expects you to be able to do.

  1. 18.1Form 4: define and classify manufacturing costs.
  2. 18.2Form 4: prepare manufacturing accounts, income statements and statements of financial position.

Lessons

  • Manufacturing accounts and a manufacturer's financial statements

    50 min

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  • Manufacturing costs: prime cost, overheads and work in progress

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Manufacturing Accounts: sample question

1 mark

In the income statement of a manufacturer, the production cost of goods completed takes the place of …

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