Total production cost- #360,000
Factory overhead c...
Total production cost- #360,000
Factory overhead cost- #56,000
Selling price per unit- #120
Production volume 4000 units
Determine the value of prime cost.
#416,000
#304,000
#240,000
#184,000
Correct answer is B
Prime cost is the direct cost of a commodity in terms of the materials and labour involved in its production, excluding fixed costs and overheads.
360,000 - 56,000 = 304,000
A set of instruments fed into a computer for accomplishing a given task is a/an ...
The accounting entries required for increase in provision for doubtful debts are ...
The accounting method that reports incomes when earned and expenses when incurred is called? ...
(i)Orientation (ii) Entity (iii)Legal status (iv)Finance. Which of the characteristi...
The basic role of accounting is to? ...
The major sources of revenue for the state and local governments is ...
A trader adds 25% on cost as profit. The profit on sales of $300,000 would be ...
Cash purchase - D 29,641 Creditors 1/1/14 - D 2,473 Creditors 31/12/14 - D 3,117 Cash paid to cre...