When goods produced are transferred at cost plus mark-up sale; the difference between the cost and the transferred price is a?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. discount
B. sales commission
C. manufacturing profit
D. factory reserves

Correct Answer:

Option C – manufacturing profit

Explanation

The Manufacturing Profit, is the excess of transfer value of goods manufactured over their actual production cost

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