Concept:Overhead expenses are indirect factory costs that cannot be directly traced to a particular product.
They exclude direct materials, direct labour, and direct expenses.
Explanation:Factory supervisor's salary of ₦30,000 is an indirect labour cost.
Insurance of factories of ₦62,000 is an indirect expense.
Wages of factory hands of ₦50,000 is direct labour, so it is not overhead.
Royalties paid of ₦18,000 is a direct expense, so it is not included in overhead.
Raw material and work-in-progress figures are used in production cost, not overhead.
Therefore, total overhead expenses
=30,000+62,000=92,000.
Answer:D. ₦92,000