₦ 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 8...

Assessment: JAMB UTME - Principles of Accounts - 2023 Subject: Financial Accounting

Question 1 Report

₦
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?

Answer Details
Indirect cost = 880 + 800 + 18000 + 620
= ₦20300

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