Post Utme Bells University 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A manufacturing company has the following production costs for a product: direct materials ₦50,000, direct labor ₦30,000, and overheads ₦20,000. If the selling price is ₦150,000, calculate the contribution margin ratio.

Answer Options

A. 30%
B. 40%
Correct Answer C. 50%
D. 60%
Correct Answer
C
Correct Option:
50%

About This Question

This is Post Utme Bells University 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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