Post Utme Veritas University 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has two departments, A and B. Department A has a production cost of ₦100,000 and a selling price of ₦150,000. Department B has a production cost of ₦80,000 and a selling price of ₦120,000. If the company sells 100 units of each department's product, what is the total profit?

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Veritas University 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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