JAMB Accounting 2018 Objective — Question 20

Question 20 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

Lubricating oil and spare parts of machinery are examples of

A. indirect expenses
B. direct expenses
C. indirect materialsCorrect
D. direct materials

Explanation

The cost of lubricating oil and spare parts cannot be easily traced to the output; thus they form part of indirect materials/expenses.

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