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20. Edward manufactures key chains for college bookstores, during 2019, the company had the following costs: Direct materials used Direct labour Factory rent Equipment depreciation-factory Equipment depreciation-office Marketing expense Administration expense 37,000 units were produced in 2019. 40,000 27,000 14,000 3,500 1,000 2,500 40,000 What is the product cost per unit? A. approximately 3.46 B. 3.20 C. approximately 3.34 D. 3.75 (3 Marks) This information is relevant for Questions 21 to 23. Athena co. incurs the following costs at various activity levels: Total cost 27,000 30,500 36,600 34,200 Activity level units 1,400 1,800 2,200 2,000 21. What is the variable cost per unit? A 15.25 B 12 C 0.042 D 19.29 (3 Marks) 22. What is the total fixed cost? A 12,500 The following list of balances has been extracted from the books of Penguin Ltd. Accounts payables Accounts receivable Accruals Administration charges Cash at bank Drawings Electricity Fixtures and fittings Insurance Motor vehicles Opening capital Opening inventory Prepayments Professional fees Purchases Rates Sales Telephone Wages Warehouse rent 32,400 60,730 1,298 5,612 450 42,485 6,485 10,450 3,490 18,750 46,875 38,862 778 1,838 300,413 4,873 408,725 3,328 12,510 13,837 losing inventory is valued at 38,250. Jsing the given data: 31. What is the value of the current assets to be shown on the Statement of Financial Positi A 100,208 B 101,820 C 96,940 D 97,490 (5 Marks) 32. What is the value of the cost of sales to be shown on the Statement of Profit or Loss? Pa A 320,705 B 339,275 C 316,025 D 301,025 (5 Marks) 83. What is the total value of the expenses to be shown on the Statement of Profit or Loss? A 38,136 B 54,708 C 51,973 D 48,952