Post Utme Achievers University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses a job costing system to account for its manufacturing costs. The company has two departments: Cutting and Assembly. The Cutting department incurs costs of ₦120,000 for direct materials and ₦80,000 for direct labor. The Assembly department incurs costs of ₦150,000 for direct materials and ₦100,000 for direct labor. The company has a total of 10,000 units of product in work-in-progress (WIP) at the end of the period. The total cost of the WIP is ₦1,200,000. What is the total cost of the Cutting department?

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Achievers University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Achievers University Accounting examination.

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