Accounts > 2010 > 24
WASSCE
Use the following information to answer this question.
| ₦ | |
| Opening stock of raw materials | 24 750 |
| Purchase of raw materials | 123 640 |
| Carriage on raw materials | 10 000 |
| Closing stock of raw materials | 45 000 |
| Factory supervisor's salary | 30 000 |
| Wages of factory hands | 50 000 |
| Royalties paid | 18 000 |
| Insurance of factory | 62 000 |
| Work-in-progress (opening) | 23 000 |
| Raw material returned | 12 200 |
The total overhead expenses is
A.
₦142,000
B.
₦115,000
C.
₦110,000
D.
₦92,000
Answer: A
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