Post Utme Uniben 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Uniben Accounting examination.

Post Utme Uniben 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNIBEN • 2025 • ACCOUNTING • objective

A company's manufacturing account for the year ended 31st December 2024 is as follows: Direct Materials £ 500,000 Direct Labour £ 300,000 Overheads £ 200,000 Total Cost of Production £ 1,000,000 Selling Price per unit £ 50 Number of Units Sold 20,000 What is the company's gross profit for the year?

Answer Options

A. £ 1,000,000
B. £ 1,200,000
Correct Answer C. £ 1,400,000
D. £ 1,600,000
Correct Answer
C
Correct Option:
£ 1,400,000

About This Question

This is Post Utme Uniben 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Uniben 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