The prime cost is the total of the
direct materials+direct labour+direct wages
production cost+selling expenses
administrative expenses+selling expenses+distribution expenses
direct materials+work overhead expenses
Correct answer is A
No explanation has been provided for this answer.
Use the information below to answer this question
₦275,000
₦200,000
₦755,000
₦215,000
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer this question
0.82:1
1:53:1
0.95:1
0.91:1
Correct answer is C
No explanation has been provided for this answer.
The corresponding entry of personal accounts found in the debit side of the cashbook is to
Credit real accounts
Credit the ledger
Debit real accounts
Debit the ledger
Correct answer is B
No explanation has been provided for this answer.
The two legally recognized professional accounting bodies in Nigeria are the
Nigerian Accounting Association and the Executive Cost and Management Accountants of Nigeria
Institute of Certified Public Accountants of Nigeria and the Institute of Cost and Management Accountants
Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
Correct answer is C
No explanation has been provided for this answer.