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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Manufacturing accounts

How often Manufacturing accounts comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 6 of the last 10 Higher Level papers, most recently in 2026. most years

OL Asked on 4 of the last 10 Ordinary Level papers, most recently in 2025.

Manufacturing accounts, Higher Level(6 marks)

Quick ones on Manufacturing accounts.

(a)Prime cost is…
  1. Direct materials + direct labour + factory overheads
  2. Direct materials + direct labour + direct expenses
  3. Direct labour + direct expenses + selling costs
(b)A factory supervisor's wages are…
  1. An administration expense
  2. Direct labour
  3. A factory overhead
(c)Royalties paid per unit produced are…
  1. A direct expense
  2. A selling expense
  3. A factory overhead
Show the answers

(a) Direct materials + direct labour + direct expenses

(b) A factory overhead

(c) A direct expense

Your turn: Higher Level questions on Manufacturing accounts.

Higher Level

Asked on 6 of the last 10 Higher Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026Q1
2025Not asked
2024Q1
2023Not asked
2022Q1
2021Q1
2019Not asked
2018Q1
2017Not asked
2016Q1

Links open the State Examinations Commission’s paper for that year.

More Manufacturing accounts questions

Manufacturing accounts, 2 marks

Raw materials consumed = opening stock + purchases + carriage in − …

  1. Closing WIP
  2. Purchases returns of finished goods
  3. Closing stock of raw materials
Show the answer

Closing stock of raw materials

E.g. opening €8,000 + purchases €50,000 + carriage in €2,000 − closing €10,000 = raw materials consumed €50,000.

Manufacturing accounts, 2 marks

An unrealised profit on closing stock arises when goods are transferred at…

  1. Net realisable value
  2. Cost plus a mark-up
  3. Cost
Show the answer

Cost plus a mark-up

The added profit isn't earned until the goods are sold outside the firm, so a provision removes it from closing stock.

Manufacturing accounts, 2 marks

Transfer value of goods made − cost of production = …

  1. Factory (manufacturing) profit
  2. Gross profit of the business
  3. Prime cost of production
Show the answer

Factory (manufacturing) profit

E.g. transfer value €250,000 − cost of production €200,000 = €50,000 factory profit, which helps judge the factory's efficiency.

Ordinary Level

Asked on 4 of the last 10 Ordinary Level papers, most recently in 2025.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Q1
2024Q1
2023Not asked
2022Q1
2021Not asked
2019Not asked
2018Not asked
2017Q1
2016Not asked

Links open the State Examinations Commission’s paper for that year.

More Manufacturing accounts questions

Manufacturing accounts, 3 marks

Opening raw materials €4,000; purchases €30,000; closing raw materials €6,000. Raw materials consumed?

  1. €32,000
  2. €40,000
  3. €28,000
Show the answer

€28,000

Consumed = opening + purchases − closing = €4,000 + €30,000 − €6,000 = €28,000.

Manufacturing accounts, 2 marks

The cost of production (cost of goods made) is transferred to the…

  1. Appropriation account
  2. Trading account
  3. Balance sheet
Show the answer

Trading account

Goods made in the factory are then sold, so the cost of production takes the place of purchases in the trading account.

Manufacturing accounts, 3 marks

Direct materials €30,000; direct labour €20,000; direct expenses €5,000. Prime cost?

  1. €55,000
  2. €50,000
  3. €25,000
Show the answer

€55,000

Prime cost = direct materials + direct labour + direct expenses = €30,000 + €20,000 + €5,000 = €55,000.

Other Accounting topics

All of Leaving Cert Accounting