From the information, the value of the direct material is $4130 and the direct labor cost will be $39200.
<h3>How to calculate cost</h3>
From the complete information, direct material is $4130. The direct labor cost will be:
= $31700 + $7500
= $39200
The manufacturing overhead will be:
= $3110 + $560 + $820 + $3600 + $195 + $210 + $1120 + 2120
= $11735
Prime cost will be:
= Direct material + Direct labor
= $4130 + $39200
= $43330
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The term "liquidity" refers to how quickly money can be accessed or exchanged.
"Liquid" assets are those that flow freely. If a person or organization has certain amounts of cash on hand, those dollars are liquid and readily can be exchanged for assets or use to pay debts or make purchases. Liquid assets are investments or items that can quickly be exchanged for cash, converted into money that can be used to pay debts or make purchases.
