Accounting grade 12 manufacturing Resivion Test with memorandum:

This is for Accounting Grade 12 subject. The Accounting grade 12 manufacturing Resivion Test with memorandum study content will help you with your Accounting Subject Revisions, Tests, Exams, and Assignments.

Accounting Grade 12 focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. As a Grade 12 Accounting student, you will be dealing with 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 for use by 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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