Post Utme Igbinedion University 2018 Accounting Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 6 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company produces three products: A, B, and C. The selling price of each product is ₦500, ₦600, and ₦700 respectively. The total cost of production for the three products is ₦150,000. If the company sells 200 units of product A, 150 units of product B, and 100 units of product C, calculate the profit made by the company.

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 6. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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