Post Utme Ims U 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A manufacturing company uses a job costing system. The company has two departments: Cutting and Assembly. The Cutting department incurred costs of ₦120,000 for direct materials and ₦80,000 for direct labor. The Assembly department incurred costs of ₦150,000 for direct materials and ₦100,000 for direct labor. The company's total overhead cost for the period is ₦200,000. What is the total cost of production for Job No. 123?

Answer Options

A. ₦550,000
Correct Answer B. ₦600,000
C. ₦650,000
D. ₦700,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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