Multiple Choice
A company's prime costs total $3,000,000 and its conversion costs total $7,000,000. If direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is:
A) $4,000,000.
B) $14,000,000.
C) $2,000,000.
D) $1,000,000.
E) $3,000,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: Using the information below, compute the cycle
Q75: Newly completed units are combined with beginning
Q76: Labor costs that are clearly associated with
Q79: What is the cycle time for a
Q80: Costs that are first assigned to inventory
Q81: A management concept that encourages all managers
Q82: A variable cost changes in proportion to
Q83: Managerial accounting assists in analysis, planning, and
Q84: Financial accounting relies on accepted principles that
Q192: Costs may be classified by many different