Question on: JAMB Accounting - 2023
|
₦ | |
|
Manufacturing wages | 42,000 |
|
Factory rent | 880 |
|
Raw materials: Stock 1/1/16 | 1,000 |
|
Purchases | 16,000 |
|
Stock 31/12/16 | 1,400 |
|
Depreciation of Plants and Machinery | 800 |
|
Royalties | 300 |
|
Indirect wages | 18,000 |
|
General indirect expenses | 620 |
What is the value of the indirect manufacturing cost?
A
₦57,900
B
₦18,200
C
₦20,300
D
₦23,000
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Correct Option: C
To calculate the value of indirect manufacturing cost, you need to add up the following expenses:
1. Factory rent: ₦880
2. Depreciation of Plants and Machinery: ₦800
3. Royalties: ₦300
4. Indirect wages: ₦18,000
5. General indirect expenses: ₦620
Adding these values together:
₦880 + ₦800 + ₦300 + ₦18,000 + ₦620 = ₦20,300
So, the value of the indirect manufacturing cost is ₦20,300
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