Materials consumed.........N16,600
Direct cost.......
Materials consumed.........N16,600
Direct cost..........................N5,400
Factory rent.....................N2,300
Factory lighting................N1,200
Cost of production to be transferred at cost plus 20% mark-up.
The gross profit on manufacture is?
N6,120
N6,100
N5,100
N5,000
Correct answer is C
No explanation has been provided for this answer.
Which of the following accounts is debited when a delivery van is sold for cash? ...
In a non-profit oriented organization, the excess of income over expenditure is ...
An expense is said to be revenue in nature if it ...
Which of the following can be used on admission of a new partnership? ...
Which of the following would be posted to the proprietor's capital account? ...