A company's expenditure on raw materials is regarded as?

a

explicit cost

b

implicit cost

c

prime cost

d

average cost

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Correct Option
a

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Discussions (5)

hajjy05
3 years ago

the ans is option C prime cost is the total direct costs of production, including raw materials and labor

whitehat15
3 years ago

correct answer c

zutekheed
1 year ago

the answer is option A

Brainerror
2 months ago

both option a and c are correct.

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