Accounting WAEC

What is the prime cost _____?

use the following information to answer the given question

#
Opening stock:
-raw materials 6,500
-work-in-progress 2,500
Closing Stock:
– raw materials 4,000
-work-in-progress 1,000
Purchases of raw materials 12,500
Manufacturing wages 2,000
Factory rent 500

A. N19,000
B. N18,000
C. N17,500
D. N17,000

Correct Answer: Option D

D. N17,000

Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago