Cost of production to be transferred at cost plus 20% mark-up. The gross profit on manufacture is?
Use the information below to answer questions 26 and 27.
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?
A N6,120
B N6,100
C N5,100
D N5,000
Answer is C
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