Prime Costs MCQ (Multiple Choice Questions) PDF Download

The direct manufacturing labor costs is added into manufacturing overhead cost to calculate

1. transaction costs
2. conversion costs
3. resale costs
4. merchandise costs

In cost terms, the direct manufacturing labor cost is included in

1. manufacturing costs
2. prime costs
3. conversion costs
4. both B and C

The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be

1. $40,000
2. $60,000
3. $52,000
4. $20,000

The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be

1. $55,000
2. $37,500
3. $95,000
4. $26,000

If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be

1. $19,500
2. $30,500
3. $45,500
4. $22,500