Reference:
Frosting Corp -What Was the Total Prime Costs for the Period?
A)$20,000

question 20

Multiple Choice

Reference:
Frosting Corp. has provided the following relating to the most recent month (August 31, 2016) of operations, for their main product, cupcakes $$\begin{array} { l r } \text { Baker's salaries } & 20,000 \\\text { Finished goods inventory, beginning } & 18,000 \\\text { Finished goods inventory, ending } & 20,000 \\\text { General \& administrative expenses } & 20,000 \\\text { Indirect materials } & 17,500 \\\text { Production Supervisor, Salary } & 21,000 \\\text { Purchases of raw materials } & 28,000 \\\text { Raw materials inventory, ending } & 19,000 \\\text { Raw materials inventory, beginning } & 18,000 \\\text { Rent on production factory } & 19,000 \\\text { Rent, retail store } & 18,000 \\\text { Sales } & 243,000 \\\text { Utilities on production factory } & 17,500 \\\text { Utilities, retail store } & 17,000 \\\text { Wages, retail staff } & 20,000 \\\text { WIP inventory, beginning } & 19,500 \\\text { WIP inventory, ending } & 21,500\end{array}$$
-What was the total prime costs for the period?

• A)$20,000
• B)$47,000
• C)$27,000
• D)$95,000

Comprehend the significance of biodiversity conservation and the challenges to it.

Understand the impact of environmental worldviews on societal attitudes toward nature and resource management.

Understand the foundational theories and researchers in organizational behavior.

Recognize the importance of managing employee behavior in public organizations for effective governance.

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Definitions:

Direct Labor-Hours

A quantification of the overall hours dedicated to the direct production of goods.

Unadjusted Cost

Refers to the original cost of an asset or expenditure without any adjustments for depreciation, taxation, or any other modifications.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Finished Goods Inventory

Finished goods available for sale but still held within the company's inventory.