Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 9 - No. 17)
What does a manufacturing business need to do to calculate the cost of production?
Prepare a separate manufacturing account
Calculate the volume of goods produced.
Adjust the volume of goods produced during the accounting year
To identify the cost of each service
Explanation
A manufacturing business prepares a separate manufacturing account to calculate how much it cost to make the volume of goods produced during the accounting year.
Comments (0)
