The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing...
The following costs were incurred in May:
| Direct materials | $ | 45,100 | ||||
| Direct labor | $ | 32,300 | ||||
| Manufacturing overhead | $ | 26,700 | ||||
| Selling expenses | $ | 17,900 | ||||
| Administrative expense | $ | 34,100 | ||||
Prime costs during the month totaled:
Homework Answers
Prime cost is the mix of Direct material and direct labor cost. It excludes all fixed cost and manufacturing overheads.
|
Schedule of Prime Cost |
|
|
Direct Material |
$ 45,100.00 |
|
Direct Labor |
$ 32,300.00 |
|
Prime Cost |
$ 77,400.00 |
Add Answer to:
The following costs were incurred in May:
Direct materials
$
45,100
Direct labor
$
32,300
Manufacturing...
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expense $39,100 $30,400 $18,000 $14,500 $34,700 01:03:56 Prime costs during the month totaled: Multiple Choice 0 O $69.500 0 $48.400 0 $36.700 0 $27500
The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing...
The following costs were incurred in May: Direct materials $ 41,000 Direct labor $ 13,000 Manufacturing overhead $ 46,000 Selling expenses $ 18,000 Administrative expenses $ 15,000 Product costs during the month totaled:
2. The following costs were incurred in May: Direct materials $39,300 $23,600 $22,200 Direct labor Manufactu...
2. The following costs were incurred in May: Direct materials $39,300 $23,600 $22,200 Direct labor Manufactu ing overhead Selling expenses Administrative expense 00:01:00 $14,000 $30,800 Prime costs during the month totaled: Multiple Choice $85,100 $129,900 $62,900
2. The following costs were incurred in September: Direct materials $43,100 Direct labor $24,800 ...
2. The following costs were incurred in September: Direct materials $43,100 Direct labor $24,800 Manufacturing overhead $18,100 Selling expenses $20,300 Administrative expenses $28,700 Prime costs during the month totaled:
The following costs were incurred in October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing...
The following costs were incurred in October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing overhead $ 23,000 Selling expenses $ 16,000 Administrative expenses $ 34,000 Conversion costs during the month totaled: $46,000 $119,000 $69,000 $36,000
The following costs were incurred in April: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
The following costs were incurred in April: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $57.000 $48.000 $40,000 $36.0po $51,000 Conversion costs during the month totaled: O $97.000 O $88.000 O $232.000 O $124.000
The following costs were incurred in September Direct materials Direct labor Manufacturing overhead Selling expenses Administrative...
The following costs were incurred in September Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $42.700 $29.400 $27.300 $23.600 $33.700 Conversion costs during the month totaledi O $56,700 $72.100 O $156,700 O $70,000
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process...
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing...
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
During the month of May, direct labor cost totaled $14,985 and direct labor cost was 45%...
During the month of May, direct labor cost totaled $14,985 and direct labor cost was 45% of prime cost. If total manufacturing costs during May were $75,000, the manufacturing overhead was:
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expense $39,100 $30,400 $18,000 $14,500 $34,700 01:03:56 Prime costs during the month totaled: Multiple Choice 0 O $69.500 0 $48.400 0 $36.700 0 $27500
2. The following costs were incurred in May: Direct materials $39,300 $23,600 $22,200 Direct labor Manufactu ing overhead Selling expenses Administrative expense 00:01:00 $14,000 $30,800 Prime costs during the month totaled: Multiple Choice $85,100 $129,900 $62,900
The following costs were incurred in April: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $57.000 $48.000 $40,000 $36.0po $51,000 Conversion costs during the month totaled: O $97.000 O $88.000 O $232.000 O $124.000
The following costs were incurred in September Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses $42.700 $29.400 $27.300 $23.600 $33.700 Conversion costs during the month totaledi O $56,700 $72.100 O $156,700 O $70,000
20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as a. factory overhead cost b. miscellaneous expense c. product costs d. period cost 21. Which of the following is an example of a factory overhead cost? a. repair and maintenance cost on the administrative building b. factory heating and lighting cost e. insurance premiums on salespersons' automobiles d. president's salary 22. Prime costs are a direct materials and factory overhead b....
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
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