Which of the following is not part of the cost of production

Assessment: WAEC SSCE - Financial Accounting - 2009 (Objective) Subject: Financial Accounting

Question 1 Report

Which of the following is not part of the cost of production
Answer Details
Advertising is not part of the cost of production. Cost of production refers to the cost incurred in the process of manufacturing or producing goods or services. It includes expenses such as wages of operators, factory power, cost of raw materials, and other costs directly associated with the production process. Advertising, on the other hand, is a promotional activity that aims to create awareness and generate demand for products or services. It is an indirect cost that is not directly related to the production process and hence not considered as part of the cost of production.
Read lesson note on Manufacturing Accounts (JAMB)
Read lesson note on Stock Valuation (JAMB)
View Answer

Related Questions

1

Rent is apportioned each department on the basis of
2

In the absence of an agreement, partners share profits
3

Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hline \text{Purchase of raw materials} & 236,500\\ \text{Returns of ra...
4

As a basis for assessing future usage, fixed assets are shown at
5

Subscription prepared by members is recorded in the balance sheet of a club as a
6

A document which acknowledge that a company owes a person a stated sum of money with an agreement to pay a fixed rate of interest periodically is
7

Which of the following books of original entry is used to record all payments and receipt by cash or cheque?
8

The reduction in value of an intangible asset is

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning