Use the information below to answer the questionPrime cost..................₦1...
Question
Use the information below to answer the question
Prime cost..................₦12 100
Lighting....................₦10 000
Heating.....................₦15 000
Factory overhead............?
The production department's share of factory overhead is 1/4 and 1/2 of lighting and heating respectively.
Interest on the drawings of partners is treated in the
Options
A)
profit and loss appropriation account

B)
goodwill account
C)
profit and loss account
D)
trading account
The correct answer is A.
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