ACCOUNTING

JAMB 2004 - Question 26

Account 2004 JAMB Past Questions - Question 26: Materials consumed 16,600factory rent 2,300Direct cost 5,400Factory lighting 1,200Cost of production to be transferred at cost plus 20% mark-up. The gross profit on manufacture is

Choose the most appropriate option for the gap .
Materials consumed 16,600factory rent 2,300Direct cost 5,400Factory lighting 1,200Cost of production to be transferred at cost plus 20% mark-up. <br>The gross profit on manufacture is
Materials consumed 16,600factory rent 2,300Direct cost 5,400Factory lighting 1,200Cost of production to be transferred at cost plus 20% mark-up.
The gross profit on manufacture is
A:
B:
C:
D:
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Correct Answer

C

Explanation