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  5. Total production cos...

Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- # 120 Production...

Accounts - Principles of Accounts
JAMB 2012

Total production cost- #360,000
Factory overhead cost- #56,000
Selling price per unit- # 120
Production volume 4000 units

What is the total manufacturing profit?

  • A. #64,000
  • B. #120,000
  • C. #360,000
  • D. #480,000
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Correct Answer: Option B
Explanation

selling price x production volume
120 x 4000 = 480,000

Total sales - cost of production

480,000 - 360,000 = 120,000 (profit)

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent