......................... Departments<...
......................... Departments
........................... P Q R
Sales value............... N23,400
Selling expenses.......... 1,100 N1,400 N1,280
Administrative expenses...N1,400 N1,000 N1,020
Cost of sales............. N6,900.... N6,700 N5,500
Sales value of department Q doubles that of p, which is 1/3 of R. Depreciation which amounts to N1,800 is to be apportioned among the three departments in the ratio 3:5:7 respectively.
Determine the total expenses of department P?
9,760
9,400
2,860
2,500
Correct answer is C
Depreciation is considered an operating expense so it will be added to the expenses.
Total expense of P = Selling expenses + Administrative expenses + depreciation
1100 + 1400 + 3/15 x 1800
1100 + 1400 + 360 = 2,860
In analyzing incomplete records, which of the following should be investigated? ...
Which of the following is a real account item? ...
Which of the following does not relate to government accounting system? ...
The purpose of profit and loss account is to ascertain ...
Goods returned to a supplier is ...
Balance as per cashbook 2, 970 Bank Charges 220 Unpresented cheques 3,950 Uncredited cheques 4,17...
Which of the following is the most liquid? ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...