WorksheetsPrior Knowledge activity
Total questions: 4
Worksheet time: 6mins
Name
Class
Date
1.
(a) includes all the wages and salaries of those who physically make the products or operating the machines making the products
2.
What is another word for direct materials
(a)
3.
......refers to costs that doesnt change according to the number of products made ,while ..... changes when production increases
(a)
4-5.
You have a manufacturing business that produces water bottles, and your accounting friend wants to know some accounting terms
4.
what are finished goods
a)
Goods that are raw materials
b)
Cost of sales
c)
Goods that are completely finished and ready to be sold
d)
Inventory
5.
What is factory overheads
a)
Income Statement
b)
Consumable stores stock
c)
Costs involved n manufacturing process
d)
VAT
100 %
