ASSIGNMENT 3 ON BFN 122/BAM 124/GNS 125 FOR FULL TIME

(a) List twenty commercial banks in Nigeria in chronological order.
(b) List banks in Nigeria that recently changed their official name to another name.

                                                                BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
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ASSIGNMENT 3 ON ACC 415-MANAGEMENT ACCOUNTING 1 FOR PART TIME

Foyegbe Nigeria Limited Operates a standard absorption costing system to control the manufacturing cost of single product. The following standards have been set.

                                                         N/Unit

Direct Materials 2kg @ N6/kg          12

Direct Labour 1 hour @ N7/hr           7

Variable overhead 1 hour@ N9/hr     9

Total production cost                         28

The fixed overhead standard cost per unit is based on a budgeted monthly production of 4,000 units actual results for most recent month were:

Production                               4,300 units

Direct material cost                N56,000 for 9,000kg

Direct labour cost                   N32,800 for 4,600hrs

Variable overhead                  N35,000

Only 4,000 hrs were worked

No material inventory held

Required: Calculate all relevant variances.

                                                                BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
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ASSIGNMENT ON ACC 222-COST ACCOUNTING 2 FOR PART TIME

A product passes through two processes (P, Q) to completion. The following information

were obtained from the company`s record.

                                                            Process P                    ProcessQ

                                                                N                                  N

     Material                                          100,000                       140,000

     Labour                                              80,000                         70,000

     Overhead                                       150,000                       100,000

     The input of material in Process P is 10,000kg while the outputs of the two processes are

     6,000kg and 4,000kg respectively. The scrap value of normal loss is N2 per unit. Normal

     loss is 10% of input.

Prepared: Prepare

(i)                 Process P and Process Q Account

(ii)               Abnormal Loss/ Abnormal Gain Account

BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
https://britstutors.blogspot.com/search?q=brain