Post Utme Afe Babalola University 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's manufacturing account shows the following transactions: Direct materials used ₦100,000, Direct labor costs ₦50,000, Factory overheads ₦30,000. What is the correct manufacturing account entry for the transactions?

Answer Options

A. Debit Work-in-Progress ₦180,000
B. Debit Direct Materials Used ₦100,000, Debit Direct Labor Costs ₦50,000
C. Debit Factory Overheads ₦30,000
Correct Answer D. Debit Work-in-Progress ₦180,000, Debit Factory Overheads ₦30,000
Correct Answer
D
Correct Option:
Debit Work-in-Progress ₦180,000, Debit Factory Overheads ₦30,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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