Give ONE cost category for each of the following descriptions by choosing a cost category from the list below. Write only the cost category next to the question number (1.1.1-1.1.4) in the ANSWER BOOK. 1.1.1 Salaries paid to office workers 1.1.2 Cost of raw materials used in the production process 1.1.3 Commission paid to salespersons 1.1.4 Rent paid for factory buildings

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Give ONE cost category for each of the following descriptions by choosing a cost category from the list below - NSC Accounting - Question 1 - 2016 - Paper 1

Question 1

Give ONE cost category for each of the following descriptions by choosing a cost category from the list below. Write only the cost category next to the question numb... show full transcript

Worked Solution & Example Answer:Give ONE cost category for each of the following descriptions by choosing a cost category from the list below - NSC Accounting - Question 1 - 2016 - Paper 1

Step 1

1.1.1 Salaries paid to office workers

96%

114 rated

Answer

Administration cost

Step 2

1.1.2 Cost of raw materials used in the production process

99%

104 rated

Answer

Direct material cost

Step 3

1.1.3 Commission paid to salespersons

96%

101 rated

Answer

Selling and distribution cost

Step 4

1.1.4 Rent paid for factory buildings

98%

120 rated

Answer

Factory overhead cost

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