Post Utme Christopher University 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

A manufacturing company produces two products, X and Y. The selling price of X is ₦100 per unit, and the selling price of Y is ₦120 per unit. The company produces 500 units of X and 300 units of Y. If the total cost of production is ₦150,000, what is the gross profit of the company?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Christopher University 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Christopher University Accounting examination.

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