Summary Grade 12 IEB Accounting Notes – Manufacturing Accounts

These comprehensive Grade 12 IEB Accounting notes cover everything you need to understand Manufacturing — one of the more challenging but highly examinable topics. Designed specifically for the IEB curriculum, these notes break down the entire manufacturing process with simple explanations and worked examples. Included in the notes: Key terms: direct/raw materials, indirect materials, factory overheads, etc. Structure of the Manufacturing Account Cost calculations: Direct/Raw Material Cost Direct Labour Cost Factory Overhead Cost Total Cost of Production of Finished Goods General Ledger accounts related to manufacturing Differences between Trading and Manufacturing businesses Step-by-step layout of Manufacturing, Trading, and Profit & Loss Accounts Worked examples with full calculations Tips for common exam questions Perfect for: Grade 12 IEB Accounting learners Students preparing for prelims and finals Anyone who struggles with applying theory to practical calculations These notes are clear, exam-focused, and easy to revise from — ideal for boosting your marks in the Manufacturing section.