WAEC Financial Accounting 1992 Question 27

Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990.
Opening Stock - Raw materials: ₦42,000
Purchases - Raw materials: ₦265,000
Returns Outwards: ₦13,000
Depreciation – Plant and Machinery: ₦10,000
Wages: ₦52,000
Closing Stock – Raw materials: ₦72,000
Direct expenses: ₦11,000
Production Manager's salaries: ₦18,000
Factory rent: ₦15,000

The factory overhead is

1. A.₦95,000
2. B.₦63,000
3. C.₦54,000
4. D.₦43,000
5. E.₦33,000