Post Utme Rhema University 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses a job order costing system. The company has a departmentalization structure with three departments: Cutting, Sewing, and Finishing. The Cutting department incurs a direct labor cost of ₦120,000 and a direct material cost of ₦80,000. The Sewing department incurs a direct labor cost of ₦150,000 and a direct material cost of ₦100,000. The Finishing department incurs a direct labor cost of ₦180,000 and a direct material cost of ₦120,000. The company's total direct labor cost is ₦450,000 and the total direct material cost is ₦300,000. What is the total cost of goods manufactured?

Answer Options

A. ₦750,000
B. ₦850,000
C. ₦950,000
Correct Answer D. ₦1,050,000
Correct Answer
D
Correct Option:
₦1,050,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support