Manufacturing accounts: past paper questions
Real questions on manufacturing accounts
The newest 20 of 28 written questions. Open one to see it on the real paper.
- 7707/22 · October/November 2025 · Q5a[13]
Prepare the manufacturing account for GH Company for the year ended 31 March 2025. GH Company Manufacturing Account for the year ended 31 March 2025 $ $ REQUIRED
See it on the paper → - 7707/22 · October/November 2025 · Q5b[7]
GH Company Income Statement (Trading section) for the year ended 31 March 2025 $ $ (b) Prepare the trading section of the income statement for GH Company for the year ended 31 March 2025.
See it on the paper → - 7707/21 · May/June 2025 · Q5a[10]
Prepare Grace’s manufacturing account for the year ended 31 March 2025. Grace Manufacturing Account for the year ended 31 March 2025 $ $ Grace buys handbags for $14 each and sells them for $27 each. Grace counted her inventory of handbags on 31 March 2025 and found that: • • • She had a total of 255 handbags. 15 handba...
See it on the paper → - 7707/21 · May/June 2025 · Q5b[4]
Calculate the valuation of Grace’s inventory of handbags at 31 March 2025.
See it on the paper → - 7707/23 · October/November 2024 · Q5a[10]
Prepare the manufacturing account for the year ended 31 March 2024. G Limited Manufacturing account for the year ended 31 March 2024 $ $ REQUIRED: G Limited apply a standard rate of mark-up of 35%.
See it on the paper → - 7707/23 · October/November 2024 · Q5b[5]
Prepare the trading section of the income statement of G Limited for the year ended 31 March 2024. G Limited Income Statement (Trading section) for the year ended 31 March 2024 $ $ G Limited make all sales on credit and have supplied the following information: Trade receivables turnover (days) 38 29 At 31 March 2024 At...
See it on the paper → - 7707/22 · May/June 2024 · Q2a[9]
Prepare Toyah’s manufacturing account for the year ended 31 January 2024. Toyah Manufacturing Account for the year ended 31 January 2024 $ $
See it on the paper → - 7707/22 · May/June 2024 · Q2b[5]
Prepare Toyah’s income statement (trading section) for the year ended 31 January 2024. Toyah Income statement (trading section) for the year ended 31 January 2024 $ $ The factory produced 6936 dolls’ houses during the year ended 31 January 2024. REQUIRED
See it on the paper → - 7707/22 · May/June 2024 · Q2c[1]
Calculate the manufacturing cost of each dolls’ house. Round up your answer to the nearest dollar. Idir, a competitor of Toyah’s, has decided to cease trading. He has offered to sell his inventory of finished goods to Toyah at a discounted price in return for immediate payment in cash. The total price for these items i...
See it on the paper → - 7707/22 · May/June 2024 · Q2d[5]
Advise Toyah whether or not she should buy Idir’s inventory. Justify your answer by providing two points for and two points against buying this inventory.
See it on the paper → - 7707/22 · October/November 2023 · Q2a[11]
Prepare Sara’s manufacturing account for the year ended 30 September 2023. Sara Manufacturing Account for the year ended 30 September 2023 $ $
See it on the paper → - 7707/22 · October/November 2023 · Q2b[3]
Prepare the current assets section of Sara’s statement of financial position at 30 September 2023. Sara Statement of financial position (current assets section) at 30 September 2023 $ $ Sara’s factory supervisor is very efficient at running the factory. REQUIRED
See it on the paper → - 7707/23 · October/November 2023 · Q2a[11]
Prepare Hilary’s manufacturing account for the year ended 31 July 2023. Hilary Manufacturing Account for the year ended 31 July 2023 $ $
See it on the paper → - 7707/23 · October/November 2023 · Q5c(i)[2]
B Limited has no inventory
See it on the paper → - 7707/21 · May/June 2023 · Q4a[10]
Prepare Salman’s manufacturing account for the year ended 30 April 2023. Salman Manufacturing Account for the year ended 30 April 2023 $ $
See it on the paper → - 7707/21 · May/June 2023 · Q4b[5]
Prepare the trading section of Salman’s income statement for the year ended 30 April 2023. Salman Income Statement (trading section) for the year ended 30 April 2023 $ $ Salman is considering converting some of his office space into additional factory capacity.
See it on the paper → - 7707/22 · May/June 2023 · Q5c[4]
Prepare the trading section of Amadi’s income statement for the year ended 31 March 2023. Amadi Income Statement (trading section) for the year ended 31 March 2023 $ $
See it on the paper → - 7707/22 · October/November 2022 · Q1a[12]
Prepare the income statement of BC for the year ended 31 August 2022 BC Income Statement for the year ended 31 August 2022 $ $
See it on the paper → - 7707/21 · May/June 2022 · Q5b[7]
Calculate the profit on refreshments for the year ended 31 December 2021. $ $
See it on the paper → - 7707/22 · October/November 2021 · Q2a[2]
Calculate the gross profit and profit for the year.
See it on the paper →
What examiners said
The candidates were required to produce a manufacturing account with the usual expected range of adjustments to the factory overhead expenses. The standard of answers was mixed and whilst most were aware of the different sections involved, there were many occasions when items were in the incorrect part of the statement or should not have been included at all. Common examples of errors were to omit...
— Examiner report, October/November 2023, 7707/22 Q2(a) (Cambridge)
This question asked for an extract showing the current assets section of a statement of financial position for Sara’s manufacturing business. There were two aspects that were often overlooked. Firstly, each category of inventory should be identified separately. Many candidates only included finished goods. Secondly, the prepayment for insurance from part (a) required inclusion with the other curre...
— Examiner report, October/November 2023, 7707/22 Q2(b) (Cambridge)
A manufacturing account had to be prepared using data provided. Many candidates were able to earn high marks. A large number of candidates incorrectly started with the revenue and tried to prepare an income statement. Other common errors included: • Inclusion of extraneous items such as expenses relating to the office. • Placing items in incorrect sections such as factory Supervisor wages in the...
— Examiner report, October/November 2023, 7707/23 Q2(a) (Cambridge)
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