Total production cost- #360,000
Factory overhead c...
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?
#64,000
#120,000
#360,000
#480,000
Correct answer is B
selling price x production volume
120 x 4000 = 480,000
Total sales - cost of production
480,000 - 360,000 = 120,000 (profit)
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \...
A company's authorized share capital was one million ordinary shares at N1 each. Issued 80% of i...
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- #120 Produ...
Buhari and Osinbajo are in partnership with the following partnership agreement Buhar...
In company account, dividend payments are effected in which of the following accounts? ...
The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 yea...
Depreciation for the year 2019 is ...
The systematic recording of business transactions is ...
Use the following information to answer the given question \(\begin{array}{c|c} & Le \\ \hl...