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UVW is preparing its manufacturing account for the year ended 30 June 20X7 The following information is available:
What is UVWs prime cost for year ended 30 June 20X7?
Suggested Answer: A
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18 comments · newest first
RY
Ryann
11 months ago
I’m not so sure about B either, feels a bit low.
SE
Selene
11 months ago
Totally with you, Trinidad! A makes the most sense.
IZ
Izetta
11 months ago
Wait, how did they get those numbers? Seems off.
TR
Trinidad
12 months ago
I think it’s definitely A, $352,000.
JO
Joseph
12 months ago
Prime cost is usually direct materials plus direct labor.
KA
Kassandra
1 year ago
I feel uncertain about whether to include all manufacturing costs or just the variable ones for prime cost.
IL
Iluminada
1 year ago
I practiced a question like this last week, and I think the answer was around $344,000, but I need to double-check my calculations.
NY
Nydia
1 year ago
I remember a similar question where we had to sum up direct costs, but I can't recall if overheads were included in prime cost.
SY
Sylvie
1 year ago
I think prime cost includes direct materials and direct labor, but I'm not sure how to calculate it with the figures given.
TR
Tracey
1 year ago
I'm feeling confident about this one. The information is all there, I just need to plug the numbers into the prime cost formula. I'll review my work, but I think I've got the right answer.
LI
Lisbeth
1 year ago
This seems pretty simple, but I want to double-check my work. Let me walk through the calculations step-by-step to make sure I don't miss anything.
VA
Vallie
1 year ago
Okay, I think I've got this. Prime cost is the sum of direct materials, direct labor, and direct expenses. I just need to add up the relevant figures from the information provided.
MY
Myra
1 year ago
Hmm, I'm a bit unsure about how to handle the opening and closing inventories of raw materials and work in progress. I'll need to review the definitions of prime cost carefully.
KA
Kanisha
1 year ago
This looks like a straightforward manufacturing cost calculation. I'll start by identifying the key components of prime cost and then add them up.
DA
Dallas
1 year ago
I remember learning about this in class, but I can't quite recall the specifics. I'll have to eliminate the options that don't seem right and make an educated guess.
PE
Pearly
1 year ago
Okay, I think the key is understanding how the public/private key system works to keep transactions anonymous. I'll focus on that in my answer.
GE
Gertude
1 year ago
I think we have to use Administrative Tools, but I'm not sure if it's Computer Management or Remote Access Connection Manager.
DO
Dolores
1 year ago
I remember reading about affidavits, but I don't think they are taken in the same context.