Asked by Arthur Brooks on Jun 30, 2024
Verified
The following costs were incurred in May: Prime costs during the month totaled:
A) $36,000
B) $119,000
C) $69,000
D) $46,000
Costs Incurred
Expenses that a company has recognized or realized, typically related to the operations, production, or projects undertaken.
- Calculate direct costs and prime costs in manufacturing and service departments.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
D
Explanation :
Prime cost = Direct materials + Direct labor
= $33,000 + $13,000 = $46,000
= $33,000 + $13,000 = $46,000
Learning Objectives
- Calculate direct costs and prime costs in manufacturing and service departments.
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