Question

Craigmont Company's direct materials costs are $3,900,000, its direct labor costs total $7,810,000, and its factory overhead costs total $5,810,000. Its prime costs total:

Answer 1

Answer: the Prime Cost of a product is a Sum of Direct material Cost consumed and Direct labor Cost consumed for the production of the goods. They are called prime because primarily these costs share the base and major role in the production of any goods.

Explanation: