Information from the Records of the Cain Corporation for August

question 229

Multiple Choice

Information from the records of the Cain Corporation for August was as follows:
$\begin{array}{llr} \text {Sales } &\$1,230,000\\ \text { Selling and administrative expenses } &210,000\\ \text { Direct materials used } &264,000\\ \text { Direct labour } &300,000\\ \text {Factory overhead* } &405,000\\\end{array}$
*variable overhead is $205,000,fixed overhead is $200,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Inventories }$
$\begin{array}{lrr}& \underline{\text {August 1}}& \underline{\text {August 31}}\\\text { Direct materials } & \$ 36,000 & \$ 42,000 \\\text { Work in process } & 75,000 & 84,000 \\\text { Finished goods } & 69,000 & 57,000\end{array}$

-Refer to the figure.What are the prime costs?

• A)$210,000
• B)$264,000
• C)$300,000
• D)$564,000

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Definitions:

At Every Opportunity

Taking advantage of any given situation or circumstance to achieve a specific goal or outcome.

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A sequential process that follows a straight line, where each step directly affects the next one without looping back.

Deliberate Practice

The intentional repetition of tasks with immediate feedback, aimed at surpassing one's current level of proficiency.

Art Of Making Sushi

The skilled practice of preparing and presenting sushi, a Japanese dish featuring vinegared rice combined with various ingredients like seafood, vegetables, and sometimes tropical fruits.