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Accounting grade 12 manufacturing Resivion Test with memorandum

Accounting grade 12 manufacturing Resivion Test with memorandum This is for the Accounting Grade 12 course. Accounting grade 12 manufacturing Resivion Test with memorandum study content can aid you with your Accounting Subject Revisions, Tests, Exams, and Assignments.

Accounting Grade 12 focuses on performance measurement as well as the processing and communication of financial information concerning economic sectors. This discipline ensures that ethical behavior, openness, and accountability are followed. As a Grade 12 Accounting student, you will be responsible for the logical, systematic, and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation, and communication of financial statements and managerial reports to interested parties.

Test Questions

Fashionista Bags manufactures handbags.  They sell their bags at a mark-up of 100% on cost.  The information given was taken from their financial records on 31 July 2019, the end of the financial year.

Complete the following notes for the year ended 31 July 2019:

• Direct materials
• Factory overhead cost

Prepare the Production Cost Statement for the year ended 31 July 2019 (show calculations in brackets where no notes are required)

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