Answer:
No, they don´t.
Explanation:
Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection. Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.
I would say D because you have to go through a lot of schooling for that
Answer:
A) $126,000.
Explanation:
Prime costs include direct material and direct labor cost
Direct material = Fabric used + Lumber used = $8,000 + $15,000 = $23,000
Direct Labor = Wages to assembly line = $100,000
Also Freight inwards shall be added to direct material = $3,000
Total Prime Cost = $23,000 +$100,000 + $3,000
Note: Wages to maintenance workers is not part of prime cost as is related to factory and not to manufacturing.
All other cost provided are operating cost and will not be part of prime cost.
A) $126,000.