Post Utme Bowen University 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A manufacturing company uses a job costing system. The following data are extracted from the company's records for the year ended 31st December 2022: Direct Materials: ₦120,000 Direct Labour: ₦80,000 Overheads: ₦60,000 Selling Price per unit: ₦200 Number of units sold: 500 Determine the gross profit for the year.

Answer Options

A. ₦80,000
B. ₦100,000
Correct Answer C. ₦120,000
D. ₦140,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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