Waec Model Questions Vol1 2018 Financial Accounting Question 36
Practice objective / multiple choice question 36 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
A manufacturing firm plans to produce 1,200 units of Product A and 800 units of Product B. The following cost data are given per unit: Direct material - A: ₦150, B: ₦200; Direct labour - A: ₦120, B: ₦100; Variable overhead - A: ₦30, B: ₦40. Fixed manufacturing overhead for the period is ₦180,000 and is allocated on the basis of machine‑hours. Each unit of A requires 2 machine‑hours and each unit of B requires 3 machine‑hours. The firm wants an overall profit of ₦90,000 on the total production and intends to sell the products in the same proportion as produced. If the selling price of Product B is set at 20 % above its total cost, what should be the selling price per unit of Product A (rounded to two decimal places)?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 36. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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