Use the information below to answer questions Purchase:..Raw materials……………..N15 000 Finished goods………………………N11 400 Stock:….(1/7/01)Raw materials……….N2 250 Work-in-progress…………………….N1 875 Wages:…..Direct……………………N17 100 Indirect……………………………N5 400 Stock:…..(30/06/02)Raw materials…….N3 000 Work-in-progress…………………….N3 375 What is the cost of manufactured goods? A N49 125 B N48 750 …
Use the information below to answer questions Purchase:..Raw materials……………..N15 000 Finished goods………………………N11 400 Stock:….(1/7/01)Raw materials……….N2 250 Work-in-progress…………………….N1 875 Wages:…..Direct……………………N17 100 Indirect……………………………N5 400 Stock:…..(30/06/02)Raw materials…….N3 000 Work-in-progress…………………….N3 375 The cost of raw materials consumed is? A N17 250 B N15 750 …
Use the information below to answer questions Direct labour……………….N50 000 Beginning work-in-progress……N4 000 Raw materials used…………..N18 000 Indirect labour……………..N4 000 Ending finished goods………..N16 000 Ending work-in-progress………N9 000 Factory supplies used………..N7 000 Selling expenses…………….N25 000 Beginning finished goods……..N21 000 Other factory …
Use the information below to answer questions Direct labour……………….N50 000 Beginning work-in-progress……N4 000 Raw materials used…………..N18 000 Indirect labour……………..N4 000 Ending finished goods………..N16 000 Ending work-in-progress………N9 000 Factory supplies used………..N7 000 Selling expenses…………….N25 000 Beginning finished goods……..N21 000 Other factory …
A component of an overhead manufacturing cost is? A cost of work-in-progress B cost of finished goods C labour D rent Answer is A
Use the information below to answer questions 25 and26. Zazzau Company: Cash in hand…………….N50 Cash in bank…………….N1 250 Stock…………………..N4 880 Furniture……………….N9 60 Building………………..N5 500 Debtor………………….N1 750 Creditors……………….N2 150 Drawings of N125 were made by the shareholders of the company. They …
Use the information below to answer questions Zazzau Company: Cash in hand…………….N50 Cash in bank…………….N1 250 Stock…………………..N4 880 Furniture……………….N9 60 Building………………..N5 500 Debtor………………….N1 750 Creditors……………….N2 150 Drawings of N125 were made by the shareholders of the company. The capital of …
If the assets and liabilities of a firm were valued at N17,200 and N5,120 respectively, the capital of the firm would be? A N22 320 B N17 200 C N12 080 D 5 120 Answer is C Follow me on …
Which of the following item is found on the credit side of the sales ledger control account? A Discount received B Dishonoured cheques C Credit sals D Bills receivable Answer is C Follow me on twitter @campusflava for free cash …
Given: purchases ledger balance…………..N4000 purchases for the period…………..N50000 Cash refunded by suppliers…………N290 Cheques paid to suppliers…………..N42300 Returns outwards…………………..N2000 Discount received from suppliers…….N400 The balance of the purchases ledger control account is? A N10390 B N9990 C N9590 D N9010 Answer …
The item that are contained in the bought ledger control account are? A discount allowed, bad debts and purchases B dishonoured cheques, returns inwards and sales C returns outwards, bad debts outewards and sales D discount received, returns outwards and …
Use the information to answer question . A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500. The net book value of …