(a)[2]
Explain why a manufacturing business might choose to account for factory profit.
(b)[2]
Explain how the provision for unrealised profit is recorded in the statement of financial position.
(c)[6]
Calculate the rate of factory profit used in 2024.
(d)[8]
Calculate the profit for the year ended 31 December 2024. Start with the gross profit shown in information point 5.
(e)[7]
Discuss the factors Faizan should think about before replying to the new customer. Support your answer by considering two ways in which he could fulfil the order.