Use the following information to answer the giv... - WAEC Accounting 1995 Question
Use the following information to answer the given question
The department of Administration of Odi Naka Chukwu State Water Corporation has underlisted staff position on 31st December, 1993
\(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline - & - & - & - \ \text{Director of Audit} & 16 & 1 & \text{N200,000 x N20,000 - N3000,000} \ \text{Assistant Director (Audit)} & 15 & 2 & \text{N160,000 x N18,000 - N268,000} \ \text{Asst. Chief Internal Auditor} & 13 & 1 & \text{N140,000 x N12,000 - N224,000} \ \text{Internal Auditor II} & 08 & 2 & \text{N60,000 x N6,000 - N120,000} \ \text{Higher Executive Officer (Audit)} & 08 & 4 & \text{N60,000 x N6,000 - N120,000}\end{array}\)
NOTE: (a) All employees are on the first step of their salary
(b) \(\begin{array}{c|c} \text{Grade level} & \text{Housing allowance} & \text{Transport Allowance} \ \hline \text{12 and above} & \text{N24,000 p.a} & \text{N18,000 p.a} \ \text{07 to 11} & \text{N18,000 p.a} & \text{N12,000 p.a} \end{array}\)
The total emolument for the Internal Audit Department is
The department of Administration of Odi Naka Chukwu State Water Corporation has underlisted staff position on 31st December, 1993
\(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline - & - & - & - \ \text{Director of Audit} & 16 & 1 & \text{N200,000 x N20,000 - N3000,000} \ \text{Assistant Director (Audit)} & 15 & 2 & \text{N160,000 x N18,000 - N268,000} \ \text{Asst. Chief Internal Auditor} & 13 & 1 & \text{N140,000 x N12,000 - N224,000} \ \text{Internal Auditor II} & 08 & 2 & \text{N60,000 x N6,000 - N120,000} \ \text{Higher Executive Officer (Audit)} & 08 & 4 & \text{N60,000 x N6,000 - N120,000}\end{array}\)
NOTE: (a) All employees are on the first step of their salary
(b) \(\begin{array}{c|c} \text{Grade level} & \text{Housing allowance} & \text{Transport Allowance} \ \hline \text{12 and above} & \text{N24,000 p.a} & \text{N18,000 p.a} \ \text{07 to 11} & \text{N18,000 p.a} & \text{N12,000 p.a} \end{array}\)
The total emolument for the Internal Audit Department is
A
N1,368,000
B
N1,224,000
C
N1,024,000
D
N1,020,000
correct option: a
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