by Sunday | Dec 8 | Accounting JAMB
A. control costs B. overheads C. direct costs D. indirect costs Correct Answer: Option C – direct costs
by Sunday | Dec 8 | Accounting JAMB
Nasara Manufacturing Plc has three direct labour employees that work 40 hours each a week for 50 weeks a year. Factory overhead costs of N60,000 is distributed on the basis of direct labour hours. A. N12 per hour B. N16 per hour C. N10 per hour D. N15 per hour Correct...
by Sunday | Dec 8 | Accounting JAMB
Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede branch. Stock at branch 1st January at cost…………N400 Goods sent to branch at cost……………….N8000 Returns to...
by Sunday | Dec 8 | Accounting JAMB
Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede branch. Stock at branch 1st January at cost…………N400 Goods sent to branch at cost……………….N8000 Returns to...
by Sunday | Dec 8 | Accounting JAMB
(i) Orientation (ii) Entity (iii) Legal status (iv) Finance. A. i, ii, iii and iv B. i, ii, and iii C. ii, and iii D. i and ii Correct Answer: Option C – ii, and iii
by Sunday | Dec 8 | Accounting JAMB
Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000 Factory overheads 2000 Cost of raw materials used 5500 Stock of finished goods (31st December) 2000 A. N11000 B. N12000 C. N14000 D. N9000 Correct Answer: Option A –...