the following costs were incurred in may:

direct materials: $47,300
direct labor: $31,400
manufacturing overhead: $25,400
selling expenses: $15,200
administrative expenses: $35,600

prime costs during the month totaled:

multiple choice
- $78,700
- $104,100
- $56,800
- $154,900

Question

the following costs were incurred in may:

direct materials: $47,300
direct labor: $31,400
manufacturing overhead: $25,400
selling expenses: $15,200
administrative expenses: $35,600

prime costs during the month totaled:

multiple choice
- $78,700
- $104,100
- $56,800
- $154,900

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [ "Direct Manufacturing Cost" ], "new_concepts": [ "Prime Cost Calculation" ], "current_concepts": [ "Direct Manufacturing Cost", "Prime Cost Calculation" ] } ## Identify given costs $$ \begin{aligned} &\text{Direct materials} = \$47,300 \ &\text{Direct labor} = \$31,400 \ &\text{Manufacturing overhead} = \$25,400 \ &\text{Selling expenses} = \$15,200 \ &\text{Administrative expenses} = \$35,600 \end{aligned} $$ ## Apply prime cost formula $$ \begin{aligned} \text{Prime Costs} &= \text{Direct Materials} + \text{Direct Labor} \ &= \$47,300 + \$31,400 \ &= \$78,700 \end{aligned} $$

(A) $78,700

(B) $104,100

(C) $56,800

(D) $154,900

{ "subject": "Business", "question_type": "Multiple Choice", "knowledge_point": [ "Business", "Accounting", "Prime Cost Calculation" ] }

Sovi.AI - AI Math Tutor

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Question

Explanation:

Identify given costs

Apply prime cost formula

Answer: