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WAEC Financial Accounting 2018 Question 29

Question 29

Manufacturing Accounts

One of the component of factory overheads is

  1. A.raw materials consumed.
  2. B.manufacturing wages.
  3. C.carriage inwards.
  4. D.depreciation of plant and machinery.
Show the answer and explanation

Answer: D (depreciation of plant and machinery.)

Explanation

Depreciation of factory plant is an indirect factory cost.