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
