Post Utme Veritas University 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a manufacturing department that produces 500 units of a product. The cost of raw materials is ₦30 per unit, labor costs are ₦15 per unit, and overhead costs are ₦8 per unit. If the selling price is ₦60 per unit, what is the gross profit?

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Veritas University 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Veritas University Accounting examination.

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