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Accounting, Manufacturing layout

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  • 20-06-2010 12:02pm
    #1
    drumlover22
    Registered Users Posts: 372 ✭✭


    Does anyone know the Manufacturing A/C layout for Q1? I can't find mine :eek:
    Tagged:


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    #2
    EuropeanSon
    Registered Users Posts: 2,819 ✭✭✭EuropeanSon


    Direct Materials (opening stock+purchases+carriage-closing stock)
    +Direct Labour
    +Direct Costs (eg. Hire of Special Equipment)
    =Prime Cost
    +Factory Overheads (eg. Depreciation machinery, etc.)
    =Factory Cost
    -Sale of Scrap
    +(Work in progress 1/1 -Work in progress 31/12)
    =Cost of Production
    +Profit on Manufacture
    =Market Value of Manufactured Goods.


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    #3
    EuropeanSon
    Registered Users Posts: 2,819 ✭✭✭EuropeanSon


    I think that's it. Then you just do a TPL A/C and Balance Sheet.


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    #4
    drumlover22
    Registered Users Posts: 372 ✭✭drumlover22


    EuropeanSon wrote: »
    Direct Materials (opening stock+purchases+carriage-closing stock)
    +Direct Labour
    +Direct Costs (eg. Hire of Special Equipment)
    =Prime Cost
    +Factory Overheads (eg. Depreciation machinery, etc.)
    =Factory Cost
    -Sale of Scrap
    +(Work in progress 1/1 -Work in progress 31/12)
    =Cost of Production
    +Profit on Manufacture
    =Market Value of Manufactured Goods.

    Cheers, that's what I was looking for ;)


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    #5
    JoeyBuddy
    Registered Users Posts: 137 ✭✭JoeyBuddy


    There's only the smallest chance of it coming up though.


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