Accounting WAEC

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

Correct Answer: Option B

B. i, iii and vi

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