Cost Accounting Quiz on Manufacturing Account

June 15th, 2010 Comments off
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Refresh or test your cost accounting knowledge by answering the following questions on Manufacturing account. If you are unsure of the answer please click to { see article} to re-learn what you have missed.

Questions:

  1. Is the Manufacturing account an internal management account? If yes,what is the purpose of producing such report?—>>see { article }

      2. What types of cost are included in a manufacturing account?—>>see { article }

     3. What is “prime cost” What is factory cost? —>>see { article }

     4. What is the purpose of apportioning overheads?—->>see { article } { article }

      5. What is a profit centre   —>> see { article }

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Financial Accounting

 
 

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