Post Utme Futa 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A company has a manufacturing department that 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 sells 500 units of X and 300 units of Y. If the total cost of production is ₦150,000, what is the gross profit?

Answer Options

A. ₦45,000
Correct Answer B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Futa 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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