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GCE Financial Accounting 1989 Question 43

Question 43

Manufacturing Accounts

Use the Manufacturing and Trading Accounts shown (X marks figures you must work out). What is the factory cost of production?

Diagram for this question
  1. A.₦114,000
  2. B.₦102,000
  3. C.₦78,000
  4. D.₦62,000
  5. E.₦60,000
Show the answer and explanation

Answer: A (₦114,000)

Explanation

Prime cost 102,000 + factory overhead 12,000 = ₦114,000.