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13) Study the following data Direct material used $120,000 Beginning work in progress $20,000 Ending work in progress $10,000 Direct labor $100,000 Beginning finished goods $25,000 Ending finished goods $15,000 Manufacturing overhead $150,000 Selling expenses $50,000 What is the amount of prime costs? a) $220,000 b) $395,000 c)$360,000 d) $370,000

13) Study the following data Direct material used $120,000 Beginning work in progress $20,000 Ending work in progress $10,000 Direct labor $100,000 Beginning finished goods $25,000 Ending finished goods $15,000 Manufacturing overhead $150,000 Selling expenses $50,000 What is the amount of prime costs? a) $220,000 b) $395,000 c)$360,000 d) $370,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the answer for number 13?

13) Study the following data Direct material used $120,000 Beginning work in progress $20,000 Ending work in progress $10,000 Beginning finished goods $25,000 Ending finished goods $15,000 Direct labor $100,000 Manufacturing overhead $150,000 Selling expenses $50,000 What is the amount of prime costs? a) $220,000 b) $395,000 c)$360,000 d) $370,000 14) In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable in $2 000 favorable
Transcribed Image Text:13) Study the following data Direct material used $120,000 Beginning work in progress $20,000 Ending work in progress $10,000 Beginning finished goods $25,000 Ending finished goods $15,000 Direct labor $100,000 Manufacturing overhead $150,000 Selling expenses $50,000 What is the amount of prime costs? a) $220,000 b) $395,000 c)$360,000 d) $370,000 14) In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable in $2 000 favorable
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