Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............N10,600.....................N15,175 Cost of...
FINANCIAL
JAMB 2006
Use the information below were to answer questions
...................Stationary Dept.............Video Dept.
Sales ..............N10,600.....................N15,175
Cost of goods sold..N5,247......................N6704
The expenses incurred were rent N4500, motor repairs N1200 and telephone N900.
The basis of cost apportionment is 1/2 stationary 1/3 video.
Find the total expenses allocated to the stationary department?
- A. N3600
- B. N1400
- C. N4400
- D. N3800
Correct Answer: C. N4400
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