Post Utme Igbinedion University 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • COMMERCE • objective

A firm has a policy of paying its employees a variable salary of ₦50 per hour, plus a fixed salary of ₦20,000 per month. If the firm has 10 employees, and each employee works for 20 hours in a week, what is the total cost of labor for the company in a week?

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦2,000,000
D. ₦2,500,000
Correct Answer
C
Correct Option:
₦2,000,000

About This Question

This is Post Utme Igbinedion University 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.

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