Business Assignment- prime cost
| 1-Jan | 31-Jan | ||||||||
| Finished Goods | 125,000 | 117,000 | |||||||
| Work in process | 233,000 | 251,000 | |||||||
| Raw Material | 132,000 | 124,000 | |||||||
| The following additional manufacturing data pertains to January operations. | |||||||||
| Raw material purchased | 192,000 | ||||||||
| Direct labor | 400,000 | ||||||||
| Actual manufacturing overhead | 165,000 | ||||||||
| Acual selling and adminstrative expenses | 115,000 | ||||||||
| Rexford Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or unapplied manufacturing overhead is accumlated until the end of the year. | |||||||||
| What is the prime cost? | |||||||||
| Please sensure to explain your answer | |||||||||
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