Manufacturing Accounts

Contents & notes: what this topic covers

Under Manufacturing Accounts, the JAMB Principles of Accounts syllabus expects you to study:

• 10. Manufacturing Accounts a. Purpose of manufacturing account b. Cost classification c. Cost apportionment d. Preparation of manufacturing account

Study notes & guidance

Study Manufacturing Accounts using a recommended Principles of Accounts textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Principles of Accounts, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.

Objectives — candidates should be able to

After studying Manufacturing Accounts, you should be able to:

1. Identify the reason for preparing manufacturing account;
2. Calculate prime cost, overhead cost, production cost and total cost; and
3. Determine the basis of cost apportionment among production, administration, selling and distribution.

These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.

Source: official JAMB UTME Principles of Accounts syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.