Post Utme Afe Babalola University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A manufacturing company uses a job order costing system. The company has two departments: Cutting and Assembly. The Cutting department incurs costs of ₦120,000 and ₦80,000 for direct materials and direct labor, respectively. The Assembly department incurs costs of ₦60,000 and ₦40,000 for direct materials and direct labor, respectively. The company's total direct labor cost for the period is ₦240,000. If the company's total direct materials cost for the period is ₦360,000, what is the total cost of goods manufactured for the period?

Answer Options

A. ₦600,000
Correct Answer B. ₦640,000
C. ₦680,000
D. ₦720,000
Correct Answer
B
Correct Option:
₦640,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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