Post Utme Caleb University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A manufacturing company uses the process costing method to value its products. The company has two departments: Cutting and Assembly. The Cutting department has a total cost of ₦100,000 and the Assembly department has a total cost of ₦150,000. What is the total cost of the product if the Cutting department contributes 30% of the total cost and the Assembly department contributes 70%?

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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