Jamb Accounting Past Questions For Year 2008
Question 26
Use the information below to answer questions .
Stock of material 1/1..............N10 000
Purchase of raw material...........N160 000
Manufacturing wages................N420 000
Royalties..........................N3 000
Stock of raw materials 31/12.......N14 000
What is the cost of raw materials consumed?
- A. N173 000
- B. N170 000
- C. N160 000
- D. N156 000
Question 27
The floor space occupied by manufacturing and administration departments in a company is 200 sqm and 300 sqm respectively. N20 000 rent incurred is shared using floor space occupied. How much is the rent chargeable to manufacturing?
- A. N8 000
- B. N10 000
- C. N12 000
- D. N18 000
Question 28
Use the information below to answer question .
.........................31 Dec. 05........31 Dec. 06
Total fixed assets.........N7 800............N6 600
Total current assets.......N12 100............N17800
Total current liabilities..N4 700............N3 800
Drawings for 2006 is N5 200.
What is the net profit for 2006?
- A. N19 000
- B. N16 000
- C. N12 600
- D. N10 600
Question 29
Given:
Capital:..G...........N5 000
..........T...........N8 000
Drawings: G...........N2 000
..........T..........N1 000
Interest on capital..10%
Interest on Drawings..5%
Find the interest on drawings of G?
- A. N50
- B. N100
- C. N200
- D. N250
Question 30
If a GSM operator based in Lagos supplies recharge cards to its branch in Akure, the head office can charge the goods at?
- A. selling price
- B. Akure price
- C. company price
- D. Lagos price
