Post Utme Veritas University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company produces a product that requires 2 hours of direct labor and 1 hour of indirect labor to produce 1 unit. During the year, it produced 10,000 units. If the direct labor cost is ₦50 per hour and the indirect labor cost is ₦30 per hour, what is the total labor cost for the year?

Answer Options

A. ₦1,000,000
B. ₦1,050,000
Correct Answer C. ₦1,100,000
D. ₦1,150,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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