Adom Limited manufactures one product for which the following cost information has been collected:

GH000

Direct materials 10

Direct labor 29

Direct expenses 3

Factory expenses

• Variable 7
• Fixed 5

Non-manufacturing costs

• Variable 2
• Fixed 4

Profit is 33% of total cost

Calculate:

1. The total cost of a unit
2. The prime cost of a unit
3. The selling price of a unit
4. The variable cost of a unit
5. The inventory valuation figure