Waec Model Questions Vol1 2021 Financial Accounting Question 32
Practice objective / multiple choice question 32 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
A manufacturing concern uses the following data for a month: Opening raw material stock ₦200,000, purchases of raw material ₦500,000, closing raw material stock ₦150,000; direct labour cost ₦300,000; manufacturing overhead is applied at 150 % of direct labour. The total input of raw material is 12,000 units. Normal loss is 5 % of the input and is absorbed into production cost; abnormal loss is 2 % of the input and is written off at cost. Ten thousand units were completed. Determine the cost per unit of the finished goods, rounded to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 32. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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