Post Utme Lautech 2022 Accounting Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 17 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

A company has two departments, A and B. Department A has a production cost of ₦50,000 and a selling price of ₦75,000. Department B has a production cost of ₦30,000 and a selling price of ₦60,000. Calculate the contribution margin ratio for each department.

Answer Options

Correct Answer A. Department A: 33.33%, Department B: 25%
B. Department A: 25%, Department B: 33.33%
C. Department A: 40%, Department B: 30%
D. Department A: 30%, Department B: 40%
Correct Answer
A
Correct Option:
Department A: 33.33%, Department B: 25%

About This Question

This is Post Utme Lautech 2022 Accounting Question 17. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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