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

Question 16:

• JAMB 2017

\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 150,000 \\ \hline \text{Purchases} & 500,000 & 250 000 \\ \hline \text{Discount received} & 24 000 & \\ \hline \text{Discount allowed} & 15 000 & &
\end{array}\)
Determine the discount allowed by Department A

A. ₦5,000
B. ₦9,375
C. ₦5,625
D. ₦8,000

Question 17:

• JAMB 2018

Advertising expenses incurred on a product in a business organization should be charged to

A. Sales department
B. Production department
C. Purchase department
D. Administration department

Question 18:

• JAMB 2018

In departmental accounting, which is not a transfer pricing_________

A. Cost based transfer price
B. Market based transfer pricing
C. Dual pricing system
D. Peak pricing

Question 19:

• JAMB 2018

The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair dressing, and clothing. The floor spaces occupied by the departments are 3:2:5 respectively. What is the rent allocated to clothing department?

A. ₦700
B. ₦1050
C. ₦1750
D. ₦3500

Question 20:

• JAMB 2019

Use the question to answer this question:

Opening stock	₦
DepartmentAB	100800
Purchases:ABWages of workersSalaries	1500200050100
SalesAB	30005000

Expenses are to be shared in the ratio of sales.


The cost of goods for department B is

A. 4,120
B. 3400
C. 3000
D. 2800