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WAEC Financial Accounting 2009 Question 17

Question 17

Manufacturing Accounts

Which of the following is not part of factory overhead?

  1. A.Factory salaries
  2. B.Factory lighting and heating
  3. C.Depreciation of plant and machinery
  4. D.Depreciation of fixtures and fittings
Show the answer and explanation

Answer: D (Depreciation of fixtures and fittings)

Explanation

Fixtures and fittings are usually office assets, so their depreciation is an administrative expense; the others are factory costs.