Last year. Abner Company incurred Direct materials Direct labor Factory overhead Selling expense Administrative expense P 50,000 20,000 130,000 40,000 36,000 Units produced and sold 10,000 units at a price P31 each 13. Prime cost per unit is a. P 7.00 b.P15.00 c. P 5.00 d. P20.00 :4. Con ersion cost per unit is a. ? 7. b. P 15) c P20.00. d. P26.00 15. Cost of goods solt pe unit is a. P 7.0 b. P 15.09 stoq c. P 20.00 d. P26.00
Last year. Abner Company incurred Direct materials Direct labor Factory overhead Selling expense Administrative expense P 50,000 20,000 130,000 40,000 36,000 Units produced and sold 10,000 units at a price P31 each 13. Prime cost per unit is a. P 7.00 b.P15.00 c. P 5.00 d. P20.00 :4. Con ersion cost per unit is a. ? 7. b. P 15) c P20.00. d. P26.00 15. Cost of goods solt pe unit is a. P 7.0 b. P 15.09 stoq c. P 20.00 d. P26.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Last year. Abner Company incurred the following costs
P 50,000
20,000
130,000
40,000
36,000
Direct materials
Direct labor
Factory overhead
Selling expense
Administrative expense
Units produced and sold 10,000 units at a price P31 each
13. Prime cost per unit is
a. P 7.00
b.P15.00
c. P 5.00
d. P20.00
14. Con ersion cost per unit is
a. ? 7.
b. P 15.)
c P20.00.
d. P26.00
15. Cost of goods solt pe unit is steqe3
a. P 7.0
b. P 15.00
burteg t ol 200 ba c. P 20.00
d. P26.00
dsY sci
16. Gross p.ofit per unit is
a. P11.00
b. P 15.00
c. P 16.00
d. P 24.00
17. Operating income is
a. P 24,000
b. P110,000
i biviam
8419
c. P"74,000
d. Pl10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cb99a51-8895-4f17-b504-5e2e0c57942b%2F4580cbd3-0644-4034-b758-4cd50db1a4ee%2Fztn1ls_processed.png&w=3840&q=75)
Transcribed Image Text:Last year. Abner Company incurred the following costs
P 50,000
20,000
130,000
40,000
36,000
Direct materials
Direct labor
Factory overhead
Selling expense
Administrative expense
Units produced and sold 10,000 units at a price P31 each
13. Prime cost per unit is
a. P 7.00
b.P15.00
c. P 5.00
d. P20.00
14. Con ersion cost per unit is
a. ? 7.
b. P 15.)
c P20.00.
d. P26.00
15. Cost of goods solt pe unit is steqe3
a. P 7.0
b. P 15.00
burteg t ol 200 ba c. P 20.00
d. P26.00
dsY sci
16. Gross p.ofit per unit is
a. P11.00
b. P 15.00
c. P 16.00
d. P 24.00
17. Operating income is
a. P 24,000
b. P110,000
i biviam
8419
c. P"74,000
d. Pl10,000
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education