# Key concepts

> This section is manufacturing language. Paper 2 will not let you pass if you call factory wages an operating expense of the shop. Direct costs sit in prime cost; the factory's indirect costs are…

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## Full notes

This is a preview of the Key concepts notes for Grade 12 Accounting. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in Manufacturing

- [Manufacturing](https://www.hlayiso.com/grade-12/accounting/notes/manufacturing/manufacturing) — Previous section
- [Production Cost Statement](https://www.hlayiso.com/grade-12/accounting/notes/manufacturing/production-cost-statement) — Next section
- [All Manufacturing sections](https://www.hlayiso.com/grade-12/accounting/notes/manufacturing)

## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of Manufacturing in Grade 12 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Accounting.

### What should I study after "Key concepts"?

Continue with the next section in Manufacturing, or test your understanding with the interactive quiz linked to this section.

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