Use the information below to answer question .
Prime cost………………N12 100
lighting………………..N10 000
Heating…………………N15 000
Factory overhead…………?
The production department share of factory overhead is 1/4 and 1/2 of lighting and heating respectively.
A. profit and loss appropriation account
B. goodwill account
C. profit and loss account
D. trading account
Correct Answer:
Option A – profit and loss appropriation account
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