Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses...

WAEC 2011

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

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Correct Answer: Option B

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