how much is the prime cost?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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how much is the prime cost?

The following selected information pertains to Ester Manufacturing Company Inc EorThe
month of May 2012:
Direct materials
P 345,000
Indirect materials
50,000
Direct labor
156,000
Indirect labor
35,000
Factory overhead
250,000
INVENTORIES
05/01/2012
05/31/2012
Work in process
P360,000
P298,000
Finished goods
320,000
302,000
Transcribed Image Text:The following selected information pertains to Ester Manufacturing Company Inc EorThe month of May 2012: Direct materials P 345,000 Indirect materials 50,000 Direct labor 156,000 Indirect labor 35,000 Factory overhead 250,000 INVENTORIES 05/01/2012 05/31/2012 Work in process P360,000 P298,000 Finished goods 320,000 302,000
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