Use the information below to answer questions 26 and 27.
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 gross profit on manufacture is?

A. N6,120
B. N6,100
C. N5,100  
D. N5,000

Show Answer Show Explanation

Correct Answer: C