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11. G-Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for P28, and the company sells 500,000 gears each year. Unit cost data are presented below: (See image) The unit product cost of gears under variable costing is: *

11. G-Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for P28, and the company sells 500,000 gears each year. Unit cost data are presented below: (See image) The unit product cost of gears under variable costing is: *

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11. G-Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for P28, and the company sells 500,000 gears each year. Unit cost data are presented below: (See image) The unit product cost of gears under variable costing is: * Variable Fixed Direct material Direct labor P6.00 P5.00 Manufacturing overhead Selling and administrative P2.00 P7.00 P4.00 P3.00 a. P13 О. Р20 c. P17 O d. P27
Transcribed Image Text:11. G-Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for P28, and the company sells 500,000 gears each year. Unit cost data are presented below: (See image) The unit product cost of gears under variable costing is: * Variable Fixed Direct material Direct labor P6.00 P5.00 Manufacturing overhead Selling and administrative P2.00 P7.00 P4.00 P3.00 a. P13 О. Р20 c. P17 O d. P27
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