Which of the following expenses constitutes prime cost?
I. Direct labour cost II. Factory overheads III. Hiring of machine for production IV. Warehouse rent
A I and II only
B I and III only
C I, II and III only
D I,II and IV only
Answer is B
Tutors, Past Questions and Projects.
Which of the following expenses constitutes prime cost?
I. Direct labour cost II. Factory overheads III. Hiring of machine for production IV. Warehouse rent
A I and II only
B I and III only
C I, II and III only
D I,II and IV only
Answer is B
