Neco 2020 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2020 Neco Financial Accounting examination.
A manufacturing company produces two products, A and B. The following data relate to the month ended 31\,December:\n\n- Direct material used: A - ₦120,000; B - ₦80,000.\n- Direct labour: A - ₦45,000; B - ₦35,000.\n- Machine hours: A - 1,200\,hrs; B - 800\,hrs.\n- Total manufacturing overhead incurred: ₦100,000, applied on the basis of machine hours.\n- Production volume: A - \(3,000\) units; B - \(2,000\) units.\n- Each unit of product A generates a by‑product credit of ₦2.\n\nDetermine the total cost per unit of product A after accounting for the by‑product credit. Express your answer in naira.
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About This Question
This is Neco 2020 Financial Accounting Question 31. It is one of the objective questions from the 2020 Neco Financial Accounting examination.
Difficulty level: Hard .
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