Accounts (Principles of Accounts)Manufacturing accountsWAEC
Direct materials ₦150,000, direct labour ₦90,000, direct expenses ₦10,000 and factory overheads ₦60,000. With no work in progress, find the cost of production.
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Answer: A. ₦310,000
Prime cost ₦250,000 + factory overheads ₦60,000 = ₦310,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.