PQ Manufacturing Company
Raw materials (1/...
Use the information below to answer question
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
The overhead cost is?
N71,050
N68,250
N67,970
N66,080
Correct answer is A
No explanation has been provided for this answer.
Which of the following categories of labour cost will be classified as direct? ...
Accounting evolved out of the need of businesses for ...
\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accoun...
PQ Manufacturing Company Raw materials (1/11/2001)...........N3,500 Raw materials (31/12/2001).....
\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\...
Forlah, a stock broker bought stationery for ₦12,000 by cash. To record this transaction, debit ...
The realization concept states that ...
A company paid cash in redemption of N10,000 debenture. The accounting entry to record this w...