Question

Prime cost comprises the following combination of costs: explain Direct materials and factory overhead Direct labor...

  1. Prime cost comprises the following combination of costs: explain
  1. Direct materials and factory overhead
  1. Direct labor and factory overhead
  1. Direct material direct labor and direct expense
  1. None of these
0 0
Add a comment Improve this question Transcribed image text
Answer #1

c. Direct material direct labor and direct expense

It consists of all the direct costs associated with production that will the betterment of the production process.

Add a comment
Know the answer?
Add Answer to:
Prime cost comprises the following combination of costs: explain Direct materials and factory overhead Direct labor...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. Which of the following costs are conversion costs? a. direct materials cost and factory overhead...

    1. Which of the following costs are conversion costs? a. direct materials cost and factory overhead cost b. direct labor cost and factory overhead cost c. factory overhead cost d. direct materials cost and direct labor cost 2. Given the following data: ​ Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goods manufactured 8,000 Factory overhead 8,000 ​ Direct materials used is a. $2,000 b. $4,000 c. $14,000 d. $8,000 3. Prime...

  • 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....

  • Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

    Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct laborar Direct materials Direct labor Factory overhead Actual Costs 262,500 lbs. at $5.10 19,950 hrs. at $17.10 Standard Costs 265,200 lbs. at $5.30 19,500 hrs. at $16.80 Rates per direct labor hr. based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $2.90 Fixed cost, $4.60 $55,980 variable cost $93,610...

  • C) Direct Materials, Direct Labor, and Factory Overhead Cost Valance Analysis Madinaw Inc. processes a base...

    C) Direct Materials, Direct Labor, and Factory Overhead Cost Valance Analysis Madinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct ma r ec labod factory overed incurred for the a ct of 78.000 product were Standard Costs Actual Costs Direct materials Direct labor 262.500 19,950 . . 55.10 517.10 Factory overhead 265,200 lbs at $5.30 19,500 hrs. $16.80 Rates per direct labore based on 100% of normal capacity of 20,350 direct labor hrs. Variable...

  • Chapters Direct Materials Direct Labor and Factory Overhead Cost Variance Analysis Machine in Standard costs and...

    Chapters Direct Materials Direct Labor and Factory Overhead Cost Variance Analysis Machine in Standard costs and actual costs for direct materials, direct labor and factory overhead incurred for the manufacture of 70,000 units processes a base chemical plast Standard Coats Direct mat Actual Costs 221.500 . 55.10 17,900 hrs. $1820 Director Factory overhead 24.000 55.20 17.500 h. a 17.30 Rates per direct labore based on 100% of normal capacity of 18,260 direct Variable cost, 4.40 Fixed cost. 17.00 $76,230 variable...

  • Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical in...

    Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard Costs Actual Costs Direct materials 207,200 lbs. at $5.20 205,100 lbs. at $5.00 Direct labor 18,500 hrs. at $16.90 18,930 hrs. at $17.20 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

  • Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

    Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 226,200 lbs. at $5.30 223,900 lbs. at $5.10 Direct labor 19,500 hrs. at $16.60 19,950 hrs. at $17.00 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

  • Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

    Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 218,400 lbs. at $4.80 216,200 lbs. at $4.60 Direct labor 19,500 hrs. at $18.10 19,950 hrs. at $18.40 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

  • Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical...

    Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 195,000 lbs. at $4.80 193,100 lbs. at $4.60 Direct labor 19,500 hrs. at $18.00 19,950 hrs. at $18.40 Factory overhead Rates per direct labor hr., based on 100% of normal capacity...

  • its of product w as Direct Materials. Direct Labor and Factory Overhead Cost lance is Macdna...

    its of product w as Direct Materials. Direct Labor and Factory Overhead Cost lance is Macdna in processes a base chemical into plastic Standard costs and actual costs for Srect materials direct labor, and factory overhead incurred for the manufacture of Standard Costs Actual Costs Direct materials 207,200 lbs. at $5.00 205100 $4.80 Direct labor 15,500 $18.70 18.050 $18.90 Factory overhead Rates per direct labore based on 100% of a Capacity of 19.310 direct Variate , 3.20 Fedo, 15.10 158,610...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT