Information from the records of Garcia & Gordon Corp.for December of the current year is as follows:
The prime costs are:
A) $960,000.
B) $620,400.
C) $705,000.
D) $969,000.

Name: Information from the records of Garcia & Gordon Corp.for December of the current year is as follows: The prime costs are: A) $960,000. B) $620,400. C) $705,000. D) $969,000.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Information from the records of Garcia & Gordon Corp.for December of the current year is as follows:  
 The prime costs are:
A) $960,000. 
B) $620,400. 
C) $705,000. 
D) $969,000.

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
Prime Cost = Direct Materials + Direct Labor
$290,400 + $330,000 = $620,400

Information from the Records of Garcia & Gordon Corp