Post Utme Madonna University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A manufacturing company produces 1,000 units of a product, each with a selling price of ₦500. If the company's variable costs are ₦200 per unit and fixed costs are ₦50,000, what is the company's gross profit?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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