Which of the following is not part of factory overhead?
Factory salaries
Factory lighting and heating
Depreciation of plant and machinery
Depreciation of furniture and fixtures
Correct answer is D
Factory overhead is the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a product. It has to do with indirect labor and cost.
Examples are;
Furniture and fixtures are office expenses and are not involved in the production phase.
N910
N650
N637
N260
Correct answer is C
No explanation has been provided for this answer.
A three column cash book contains column for
Cash, assets and liabilities
Bank, cash and assets
Cash, bank and return
Discount, cash and bank
Correct answer is D
No explanation has been provided for this answer.
A difference between the debit and credit totals in a trial balance is placed in
Bank reconciliation statement
Profit and loss account
Suspense account
Appropriate account
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a source of revenue for local government?
Mining royaltyies
Radio and TV licences
Tenement/property rates
Business permit fee
Correct answer is A
No explanation has been provided for this answer.