i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses A. i, ii and iii B. i, ii and iv…
A. Direct materials B. Direct labour C. Administrative overhead D. Work-in-progress Correct Answer: Option C - Administrative overhead Explanation Administrative…
A. Subscriptions received in advance B. Subscriptions due not yet received C. Accrued expenses on annual dances D. Depreciation of…
A. deducted from the cost of goods completed during this year B. added to the cost of goods completed C.…
Purchase of raw materials - #330,000 Closing stock of raw materials - #80,000 Direct wages - #30,000 Carriages of raw…
Opening stock of raw materials - #75,000 Purchase of raw materials - #330,000 Closing stock of raw materials - #80,000…
A. goods available for sale B. goods sold C. goods manufactured D. materials put into production Correct Answer: Option C…
A. discount B. sales commission C. manufacturing profit D. factory reserves Correct Answer: Option C - manufacturing profit Explanation The…
Given: Drawings - #3,500 Net loss - #2,500 Capital 1/1/2007 - #35,000 Additional capital - #10,000 A. #35,000 B.…
A. closing capital less opening capital add drawings B. opening capital less closing capital add drawings C. opening capital less…