&...
Use the following information to answer the question that follows
N
Direct material used-----------------64,000
Direct labour--------------------------30,000
Production overheads--------------22,000
Work-in-progress at beginning-----9,000
Work-in-progress at close---------14,000
The total cost of production is
94,000
106,000
111,000
116,000
Correct answer is D
Total cost of production = Cost of labor + Cost of raw materials + Overhead costs on manufacturing.
64,000 + 30,000 + 22,000 = 116,000
Fatima withdraws goods from the business for personal use. the accounting treatment is to debit? ...
Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240 Curre...
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
The book into which all types of a ministry's expenditure are recorded is the ...
Which of the following is not a cause of depreciation? ...
The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 yea...
Closing stock was overstated. The effect is that ...
In converting a to a partnership company, the loss on asset revaluation is? ...