Post Utme Elizade University 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has two departments: Manufacturing and Sales. The Manufacturing department has a fixed cost of ₦120,000 and a variable cost of ₦15 per unit produced. The Sales department has a fixed cost of ₦80,000 and a commission of 10% on sales. If the company sold 10,000 units at ₦50 per unit, what is the total profit?

Answer Options

A. ₦420,000
Correct Answer B. ₦520,000
C. ₦620,000
D. ₦720,000
Correct Answer
B
Correct Option:
₦520,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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