Which of the following is a component of prime cost?
...Which of the following is a component of prime cost?
Depreciation
Royalty
Factory rent
Factory electricity
Correct answer is D
Direct materials are one of the main components of prime costs and include raw materials and supplies that are consumed directly during the production of goods. In production, electricity is required to aid the process. This makes it a part of the prime cost
Which of the following is a conversion cost? ...
At the end of a financial period, the trading profit and loss account of a sole trader shows...
Which of the following is not true of a partnership business without written agreement? ...
One of the limitations of accounting is that ...
How much did Olu sell goods bought at N1,000 if he sells at a margin of 20% on selling price? ...
Advertising expenses incurred on a product in a business organization should be charged to ...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
Which of the following shows the stock at the start of an accounting period? ...