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Accounts - Principles of Accounts 2009 WAEC Past Questions

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6
Which of the following is not part of the cost of production
  • A. wages of operators
  • B. factory power
  • C. advertising
  • D. cost of raw materials
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7
Rent is apportioned each department on the basis of
  • A. area or space occupied
  • B. equuality
  • C. turnover
  • D. purchases
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8
A document which acknowledge that a company owes a person a stated sum of money with an agreement to pay a fixed rate of interest periodically is
  • A. share certificate
  • B. allotment certificate
  • C. preference certificate
  • D. debenture certifate
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9
Use the following information to answer the given question
\(\begin{array}{c|c} & D\\ \hline \text{Purchase of raw materials} & 236,500\\ \text{Returns of raw materials} & 4,750\\ \text{Carriage on raw materials} & 44,000\\ \text{Stock of raw materials at close} & 39,500 \\ \text{Factory fuel} & 150,000\\ \text{Direct wages} & 205,000\\ \text{Indirect wages} & 31, 250\\ \text{Factory power} & 3105,000\\ \text{Work-in-progress at start} & 32,500\end{array}\)
What is the value of raw materials used?
  • A. D 270,500
  • B. D 286,250
  • C. D 255,000
  • D. D 236,250
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10
Use the following information to answer the given question
\(\begin{array}{c|c} & D\\ \hline \text{Purchase of raw materials} & 236,500\\ \text{Returns of raw materials} & 4,750\\ \text{Carriage on raw materials} & 44,000\\ \text{Stock of raw materials at close} & 39,500 \\ \text{Factory fuel} & 150,000\\ \text{Direct wages} & 205,000\\ \text{Indirect wages} & 31, 250\\ \text{Factory power} & 3105,000\\ \text{Work-in-progress at start} & 32,500\end{array}\)
What is the prime cost???
  • A. D 717,500
  • B. D 231,250
  • C. D 286,250
  • D. D 270,500
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