Materials consumed...................N16,600 Direct cost..........................N5,400 Factory rent.........................N2,300 Factory lighting.....................N1,200 Cost of production to be transferred at...
FINANCIAL
JAMB 2004
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 market value of goods produced is?
- A. N30,500
- B. N30,600
- C. N31,600
- D. N31,620
Correct Answer: B. N30,600
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