N
Direct material used-...
Use the following information to answer the question that follows
N
Direct material used-----------------64,000
Direct labour--------------------------30,000
Production overheads--------------22,000
Work-in-progress at beginning-----9,000
Work-in-progress at close---------14,000
Prime cost of production is?
N64,000
N94,000
N111,000
N116,000
Correct answer is B
Prime cost = Direct materials cost + Direct labor cost
64,000 + 30,000 = 94,000
Items on the left-hand side of a total debtors account are debits in the ...
The claim on the assets of a business by outsiders is ...
An example of direct expenses is ...
In public sector accounting, salaries of employees are classified as ...
Which of the following can be used on admission of a new partnership? ...