Direct Labor for a Company Was $145,800; Manufacturing Overhead Was

question 41

Multiple Choice

Direct labor for a company was $145,800; manufacturing overhead was $300,400; and direct materials were $270,600. Prime costs would total

• A)$716,800.
• B)$446,200.
• C)$416,400.
• D)$571,000.

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Definitions:

Expected Value

The mathematical average of all possible outcomes of a random variable, weighted by their respective probabilities.

Stocks

Shares of ownership in a company, which represent a claim on the company's earnings and assets.

Investment

Applying resources, typically financial, in order to gain income or profit.

Portfolio

An aggregation of financial instruments such as company shares, debt securities, tangible commodities, available cash, and cash-like resources, including mutual funds and ETFs.