Post Utme Al Hikmah University 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2019 Commerce Objective / Multiple Choice
Question 35 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • COMMERCE • objective

A firm is considering two different production processes. Process A has a fixed cost of ₦50,000 and a variable cost of ₦10 per unit. Process B has a fixed cost of ₦30,000 and a variable cost of ₦15 per unit. If the firm produces 1,000 units, what is the total cost of each process?

Answer Options

A. Process A: ₦150,000, Process B: ₦150,000
Correct Answer B. Process A: ₦150,000, Process B: ₦180,000
C. Process A: ₦180,000, Process B: ₦150,000
D. Process A: ₦180,000, Process B: ₦180,000
Correct Answer
B
Correct Option:
Process A: ₦150,000, Process B: ₦180,000

About This Question

This is Post Utme Al Hikmah University 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Commerce examination.

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