Which of the following is a factory overhead?

Assessment: WAEC SSCE - Financial Accounting - 2005 (Objective) Subject: Financial Accounting

Question 1 Report

Which of the following is a factory overhead?
Answer Details
Factory overhead refers to all indirect costs of production that cannot be directly allocated to a particular product or process. Depreciation of plant and machinery is an example of factory overhead because it cannot be directly traced to a specific product or job. Royalties, raw materials consumed, and carriage outwards are not considered factory overhead because they can be directly traced to a specific product or job.
Read lesson note on Manufacturing Accounts (JAMB)
Read lesson note on Manufacturing Accounts (WAEC)
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