Cost classification - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2018

	N
Direct material	2,500
Direct labour	5,000
Direct expenses	1,000
Overhead expenses	1,500

use the information contained in the table to anwser the qustion below;


from the data above, compute the prime cost.

A. N6,500
B. N 8,500
C. N6,000
D. N7,500

Question 17:

• JAMB 2018

lubricating oil and spare parts of machines are example of?

A. Indirect expense
B. Direct expense
C. Indirect material
D. Direct material