Which of the following expenses relate to the profit and ...
Which of the following expenses relate to the profit and loss account of a manufacturing firm?
Administrative overhead
Direct labour
Direct materials
Work-in-progress
Correct answer is A
Administrative overhead is those costs not involved in the development or production of goods or services. This is essentially all overhead that is not included in manufacturing overhead. Examples of administrative overhead costs are the costs of: Front office and sales salaries, wages, and commissions. Office supplies.
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...
The book of account in which information from the source documents are recorded consists of ...
Given: Stock at start: Raw materials................N57,000 Work-in-progress.............N42,000 ...
Which of the following is a source of revenue for a local government? ...