Apportionment of expenses - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 2009

The cost incurred by departments that support the production departments with such activities as maintenance, production control and storage are called?

A. Autonomous costs
B. Service costs
C. Supporting cost
D. Subsidiary costs

Question 7:

• JAMB 2009

i Space occupied by each department.
ii Average value of stock held by each department.
iii Departmental turnover.
iv Number of articles sold by each department .
From the information above, the two most logical bases for apportioning expenses that are common to departments are?

A. I and ii
B. I and iii
C. Ii and iii
D. Iii and iv

Question 8:

• JAMB 2009

Use the information to answer questions
......................... Departments
........................... P Q R
Sales value............... N23,400
Selling expenses.......... 1,100 N1,400 N1,280
Administrative expenses...N1,400 N1,000 N1,020
Cost of sales............. N6,900.... N6,700 N5,500
Sales value of department Q doubles that of p, which is 1/3 of R. Depreciation which amounts to N1,800 is to be apportioned among the three departments in the ratio 3:5:7 respectively.
Determine the total expenses of department P?

A. 9,760
B. 9,400
C. 2,860
D. 2,500

Question 9:

• JAMB 2010

How much rent is apportioned to department K?

A. N1200
B. N1800
C. N2000
D. N750

Question 10:

• JAMB 2010

How much selling and distribution expenses is apportioned to department M?

A. N 800
B. N 600
C. N400
D. N1800