Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses iii. direct labour iv. factory expenses v. work-in-progress vi. direct expenses
A i, ii and iv
B i, iii and vi
C iv, v and vi
D ii, iii and v
Answer is B
Tutors, Past Questions and Projects.
Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses iii. direct labour iv. factory expenses v. work-in-progress vi. direct expenses
A i, ii and iv
B i, iii and vi
C iv, v and vi
D ii, iii and v
Answer is B