The following costs relate to Antonio Industries for the last quarter: Conversion cost 1. What is Antonio's prime cost for last quarter? P 460,000 P 410,000 C. P 405,000 d. P 487.475 a. b. 2. Antonio's total manufacturing cost is P 460,000 P 645,000 P 650,000 P 650.600 a. b. C. d. Direct materials Factory overhead is applied at 60% of direct labor cost. Selling and administrative expense 3. Antonio's total period cost is P 620,000 P 275.000 P 400,000 P 185,000. a. b. C. d. P 435,000 215,600 185,000 five

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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provide the following answers for antonios prime cost, total manufacturing cost and total period cost

The following costs relate to Antonio Industries for the last quarter:
Conversion cost
a.
b.
1. What is Antonio's prime cost for last quarter?
P 460,000
P 410,000
C.
P 405,000
d. P 487.475
2. Antonio's total manufacturing cost is
P 460,000
P 645,000
P 650,000
d. P 650.600
a.
b.
Direct materials
Factory overhead is applied at 60% of direct labor cost.
Selling and administrative expense
3. Antonio's total period cost is
P 620,000
P 275.000
P 400,000
P 185,000.
a.
b.
C.
d.
P 435,000
215,600
185.000
five
Transcribed Image Text:The following costs relate to Antonio Industries for the last quarter: Conversion cost a. b. 1. What is Antonio's prime cost for last quarter? P 460,000 P 410,000 C. P 405,000 d. P 487.475 2. Antonio's total manufacturing cost is P 460,000 P 645,000 P 650,000 d. P 650.600 a. b. Direct materials Factory overhead is applied at 60% of direct labor cost. Selling and administrative expense 3. Antonio's total period cost is P 620,000 P 275.000 P 400,000 P 185,000. a. b. C. d. P 435,000 215,600 185.000 five
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