Accounts - Principles of account (WAEC 2010)

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This is for O'level students preparing for Accounts - Principles of account WAEC examination.
Instruction: Achieve at least 50% in less than 30 seconds per question.

Quiz Started: 0 Second ago · 19 April 2024 3:20 · Questions: 46 · Answered: 0 · Recommended Time: 0h:23m:0s

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15 Click Here To Discuss Question

Use the following information to answer given question
[Math Processing Error]â‚¦Opening stock of raw materials24,750Purchases of raw materials129,640Carriage on raw materials10,000Closing stock of raw materials45,000Factory supervisor's salary30,000Wages of factory hands50,000Royalties paid18,000Insurance of factories62,000Work-in-progress(opening)23,000Raw material returned12,200
The prime cost is

Select 1 Option (1 Mks)

16 Click Here To Discuss Question

Use the following information to answer given question

â‚¦

Opening stock of raw materials	24,750
Purchases of raw materials	129,640
Carriage on raw materials	10,000
Closing stock of raw materials	45,000
Factory supervisor's salary	30,000
Wages of factory hands	50,000
Royalties paid	18,000
Insurance of factories	62,000
Work-in-progress(opening)	23,000
Raw material returned	12,200

The total overhead expenses is

Select 1 Option (1 Mks)

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speaker_notes Accounts - Principles of account (WAEC 2010)

Accounts - Principles of account (WAEC 2010)