Last year, Barnard Company incurred the following costs: direct materials, $50,000; direct labor, $20,000; manufacturing overhead, $130,000; selling expense, $40,000; administrative expense, $36,000.
Barnard produced and sold 10,000 units at a price of $31 each.
Refer to the information for Barnard Company above.
Prime cost per unit is:
a. $7.00
b. $20.00
c. $15.00
d. $5.00
e. $27.60
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