The objective of allocating all costs to producer is to?
Produce a scientifically accurate cost
Avoid unallocated overhead and compute total accounts
Co-odinate the cost and financial accounts
Compute the contribution of the product to the final profit
Correct answer is D
No explanation has been provided for this answer.
The contribution marginal on a job is the?
Gross profit
Net profit
Excess of sales revnue over variable costs
Difference between fixed and variable costs
Correct answer is C
No explanation has been provided for this answer.
The statement of affairs prepared from incomplete records can be described as?
The summary of all the business transactions of the trader ascertained by the accountant
A balance sheet at a particular date showing the assets and liabilities of the business
A schedule of all the business ventures entered into for the period to which the records relates
The statement that shows the profit or loss made during the period
Correct answer is B
No explanation has been provided for this answer.
N6,800
N153,000
N154,200
N159,800
Correct answer is C
No explanation has been provided for this answer.
N7,200
N98,800
N100,000
N105,800
Correct answer is C
No explanation has been provided for this answer.