A. Prime cost
B. Explicit cost
C. Average cost
D. Implicit cost
Correct Answer:
Option A – Prime cost
Explanation
A prime cost is the total direct costs of production including raw materials and labour.
A. Prime cost
B. Explicit cost
C. Average cost
D. Implicit cost
Correct Answer:
Option A – Prime cost
Explanation
A prime cost is the total direct costs of production including raw materials and labour.
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