Direct materials = $3,000,000
Direct labor = $7,000,000
Prime cost = Direct materials + Direct labor
= 3,000,000 + 7,000,000
= $10,000,000
Third option is correct.
Factory overhead is not a part of the prime cost.
Craigmont Company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory...
Craigmont Company's direct materials costs are $3,300,000, its direct labor costs total $7,270,000, and its factory overhead costs total $5,270,000. Its prime costs total: Multiple Choice Ο $5,300,000. Ο $12,540,000. Ο $8,570,000. Ο $15,840,000. Ο $10,570,000.
Question 45 2 pts A company's prime costs total $3,000,000 and its conversion costs total $7,000,000.if direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is: O $4,000,000 O$14,000,000. O$2,000,000 O$1,000,000. O$3,000,000 estion 46 Cost information for the year Asteroid Industries accumulated the following cost information for the year 2 pts Direct materials Indirect materials $16,000 4,000 Indirect labor 8,500 Factory depreciation 12,800 Direct labor 37,000 Using the above information, total factory overhead costs equal: O $78,300...
Craigmont Company's direct materials costs are $3,500,000, its direct labor costs total $7,450,000, and its factory overhead costs total $5,450,000. Its conversion costs total: Multiple Choice $10,950,000. $8,950,000. $12,900,000. O $5,500,000 O $16,400,000
Craigmont Company's direct materials costs are $4100,000, its direct labor costs total $7,990,000, and its factory overhead costs total $5.990,000. Its conversion costs tota Help Multiple Choice O $2.000.000 510090000 $13.000000 6.100.000 51800000
A company’s prime costs total $5,500,000 and its conversion costs total $9,500,000. If direct materials are $2,500,000 and factory overhead is $6,250,000, then direct labor is:
Prime cost comprises the following combination of costs: explain Direct materials and factory overhead Direct labor and factory overhead Direct material direct labor and direct expense None of these
Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year: direct materials costs, $650,000; direct labor costs, $3,000,000; and factory overhead costs applied, $1,800,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $71,000 ending Work in Process Inventory account for the year had $20,000 of direct labor costs, determine the inventory's direct materials costs.
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
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...
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...