Use the information below to answer questions 26 and 27.Materials consumed...................₦16,600 Direct cost..........................₦5,400 Factory ren...

Assessment: JAMB UTME - Principles of Accounts - 2004 Subject: Financial Accounting

Question 1 Report

Use the information below to answer questions 26 and 27.Materials consumed...................₦16,600

Direct cost..........................₦5,400

Factory rent.........................₦2,300

Factory lighting.....................₦1,200Cost of production to be transferred at cost plus 20% mark-up.

The gross profit on manufacture is?

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