Accounting, Manufacturing layout

drumlover22

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

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.

EuropeanSon

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

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

JoeyBuddy

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