Use the information below to answer the question
Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/d |
Dept A |
Dept B ₦ 4,000 1,200 ? ? 1,600 4,000 |
Total 10,000 |
It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
The depreciation to be charged to department B is
₦500
₦300
₦400
₦600
Correct answer is C
No explanation has been provided for this answer.
Use the information below to answer the question
Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/d |
Dept A |
Dept B ₦ 4,000 1,200 ? ? 1,600 4,000 |
|
It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
What is the net profit made by department A?
₦2000
₦3600
₦3000
₦2400
Correct answer is D
No explanation has been provided for this answer.
₦245,000
₦215,000
₦295,000
₦265,000
Correct answer is A
No explanation has been provided for this answer.
Carriage inwards
Carriage outwards
Discount received
Returns outwards
Correct answer is B
No explanation has been provided for this answer.
Depreciation of plant and machinery Factory rent Indirect wages General indirect expenses Lubricants Carriage inwards Factory power Bank charges Carriage outwards |
₦ 1,600 650 695 726 1,235 829 350 612 2,900 |
Determine the total factory overhead cost
₦4,485
₦6,085
₦6,556
₦5,256
Correct answer is D
No explanation has been provided for this answer.