If you are preparing for an accounting aptitude test or even a job interview, these accounting questions and answers will help you master the principles of accounting. This test covers accounting past questions from WAEC, JAMB, Post UTME exams and many more.
When goods are sent to the branch at cost plus mark-up, it means that the branch should sell at
A price above or below the stipulated price
Any price but not below the transfer price
Cost price
A price that is equal to the mark-up
Correct answer is B
Cost-plus pricing is a pricing strategy in which the selling price is determined by adding a specific amount markup to a product's unit cost.
Cost plus pricing involves adding a markup to the cost of goods and services to arrive at a selling price. Under this approach, you add together the direct materialcost, direct labor cost, and overhead costs for a product, and add to it a markup percentage in order to derive the price of the product.
N20,000
N17,000
N16,800
N12,000
N8,000
Correct answer is C
No explanation has been provided for this answer.
N225,000
N236,250
N247,500
N202,500
Correct answer is C
No explanation has been provided for this answer.
Stock
Returns
Discount
Sales
Purchases
Correct answer is D
No explanation has been provided for this answer.
N2,400
N3,000
N9,800
N1,400
Correct answer is D
No explanation has been provided for this answer.