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WAEC Financial Accounting 2014 Question 18

Question 18

Manufacturing Accounts

The sum of direct cost in a manufacturing account is

  1. A.production cost.
  2. B.prime cost.
  3. C.total cost.
  4. D.finance cost.
Show the answer and explanation

Answer: B (prime cost.)

Explanation

Direct materials + direct labour + direct expenses = prime cost.