The overhead cost is?

………..PQ Manufacturing Company

Raw materials (1/11/2001)………..N3 500
Raw materials (31/12/2001)……….N4 900
Purchase of raw materials………..N56 000
Salary ………………………..N63 000
Wages………………………….N148 000
Factory lighting ……………….N3 080
Plant Depreciation………………N2 800
Factory Insurance ………………N2 170

A. N71 050
B. N68 250
C. N67 970
D. N66 080

Correct Answer:

Option A – N71 050