Accounting WAEC

What is the prime cost?

Use the following information to answer the given question

D
Purchase of raw materials 236,500
Returns of raw materials 4,750
Carriage on raw materials 44,000
Stock of raw materials at close 39,500
Factory fuel 150,000
Direct wages 205,000
Indirect wages 31,250
Factory power 3,105,000
Work-in-progress at start 32,500

What is the prime cost?

A. D 717,500
B. D 231,250
C. D 286,250
D. D 270,500

Correct Answer: Option B

B. D 231,250

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