The prime cost is the total of the?
Production cost + selling expenses
Direct material + direct labour + direct expenses
Direct material + work overhead expenses
Administrative expenses + selling + distribution expenses
Correct answer is B
The prime cost is the summation of all direct expenses and direct materials used in production. Its simply direct cost incurred during production.
Debit side of manufacturing and profit and loss account
Debit side of profit and loss account only
Credit side of profit and loss account only
Debit side of manufacturing and balance sheet
Correct answer is B
The profit and loss account is used by manufacturing concerns to ascertain the cost of production at various stages. A motor vehicle used by a manufacturing company would be depreciated to the debit side of profit and loss account.
The gross loss on manufacturing is always transferred to the?
Credit side of balance sheet
Debit side of profit and loss account
Credit side of profit and loss account
Debit side of balance sheet
Correct answer is B
No explanation has been provided for this answer.
N5,000
N3,960
N1,040
N8,960
Correct answer is D
No explanation has been provided for this answer.
N39,700
N35,900
N35,740
N43,660
Correct answer is A
Furniture & fittings + office equipt. + debtors + cash at bank - creditors
21000 + 9800 + 7000 + 6800 - 4900 = 39700