Wiley CPA Exam Review QOTD – BEC

 

The following is from the Wiley CPA Review BEC Online Test Bank.

Used with permission from the Publisher.

Topic: Cost Accounting

Morton Company's manufacturing costs for 2008 were as follows:

Direct materials: $300,000

Direct manufacturing labor: 400,000

Variable Factory overhead: 80,000

Fixed Factory overhead: 50,000

Prime costs totaled

  • A: $300,000
  • B: $380,000
  • C: $700,000
  • D: $830,000

The answer will be left in the comments below.

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3 comments

Amy 10 years ago

"C"--prime costs are Direct Materials + Direct Labor.

neri 10 years ago

c. 700,000

Bana Ghaith 9 years ago

C- 700000