JAMB Accounting 2013 Objective — Question 31

Question 31 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

Which of the following expenses relates to the profit and loss account of a manufacturing firm?

A. Direct materials
B. Direct labour
C. Administrative overheadCorrect
D. Work-in-progress

Explanation

Administrative overheads are period costs charged to the profit and loss account of a manufacturing company, unlike direct materials, direct labour and work-in-progress which relate to the manufacturing account.

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