WAEC Past Questions and Answers - Page 1196

5,976.

Which of the following is not part of cost of production?

A.

Direct material cost

B.

Direct wages

C.

Factory overheads

D.

Administrative overheads

Correct answer is D

No explanation has been provided for this answer.

5,977.

Mark-up on goods sent to branch are recorded in the books by crediting

A.

Stock adjustment account; debiting branch stock account

B.

Goods sent to branch accounts; debiting branch stock account

C.

Bank stock account; debiting stock adjustment account

D.

Branch stock account; credit cash account

Correct answer is C

No explanation has been provided for this answer.

5,978.

Payment for shares in installments is done by means of

A.

Calls

B.

Circulars

C.

Subscription

D.

Invitation

Correct answer is A

No explanation has been provided for this answer.

5,979.

The class of shares to which payment of dividend depends on profit is

A.

Forfeited shares

B.

Ordinary shares

C.

Bonus shares

D.

Preference shares

Correct answer is B

No explanation has been provided for this answer.