Post Utme Unilorin 2018 Accounting Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Unilorin Accounting examination.
A company uses a job costing system to account for its manufacturing costs. The company has two departments: Cutting and Assembly. The Cutting department incurs costs of ₦120,000 for direct materials and ₦80,000 for direct labor. The Assembly department incurs costs of ₦150,000 for direct materials and ₦100,000 for direct labor. The company produces 1,000 units of a product. The selling price per unit is ₦500. The company's overhead costs are ₦200,000. Calculate the total cost of the 1,000 units produced.
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About This Question
This is Post Utme Unilorin 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Unilorin Accounting examination.
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