Last year. Abner Company incurred the following costsP 50,00020,000130,00040,00036,000Direct materialsDirect laborFactory overheadSelling expenseAdministrative expenseUnits produced and sold 10,000 units at a price P31 each13. Prime cost per unit isa. P 7.00b.P15.00c. P 5.00d. P20.0014. Con ersion cost per unit isa. ? 7.b. P 15.)c P20.00.d. P26.0015. Cost of goods solt pe unit is steqe3a. P 7.0b. P 15.00burteg t ol 200 ba c. P 20.00d. P26.00dsY sci16. Gross p.ofit per unit isa. P11.00b. P 15.00c. P 16.00d. P 24.0017. Operating income isa. P 24,000b. P110,000i biviam8419c. P"74,000d. Pl10,000

Prime cost is the direct cost of production that includes direct material and direct labor. it does…

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

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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