Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: calculate factory cost of production
Learning Objective/s:
  • Describe the components of a manufacturing account.
  • Calculate raw materials consumed.
  • Compute the factory cost of production using given data.
  • Identify common errors when preparing the account.
  • Link the factory cost of production to the cost of goods sold.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheets with sample data
  • Calculator or spreadsheet software
  • Accounting textbook or handout on manufacturing accounts
  • Whiteboard markers
 Introduction:
Begin with a quick recall of cost concepts, then present a real‑world scenario of a factory needing to determine its production cost. Highlight that today’s success criteria are to accurately compute the factory cost of production and spot typical mistakes.
Lesson Structure:
  1. Do‑now (5') – Short quiz on raw materials, direct labour, and factory overheads.
  2. Mini‑lecture (10') – Explain the manufacturing account layout and key formulae.
  3. Guided practice (15') – Work through the sample manufacturing account together, completing each line.
  4. Independent practice (15') – Students calculate the factory cost of production for Company XYZ; teacher circulates to support.
  5. Check for understanding (5') – Exit ticket: one sentence stating the difference between factory cost of production and COGS.
  6. Summary & homework (5') – Recap steps and assign a new manufacturing‑account problem for homework.
Conclusion:
Review the step‑by‑step calculation and emphasize the importance of including opening and closing WIP. Students submit an exit ticket summarising the formula, and for homework they complete another manufacturing‑account scenario to reinforce learning.