Total production cost- #360,000
Factory overhead cost- #56,000
Selling price per unit- # 120
Production volume of 4000 units
A. #64,000
B. #120,000
C. #360,000
D. #480,000
Correct Answer:
Option B – #120,000
Explanation
selling price x production volume
120 x 4000 = 480,000
Total sales – cost of production
480,000 – 360,000 = 120,000 (profit)
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