Given: Stock at start: Raw materials................N57 000 Work-in-progress.............N42 000 Finished goods...............N71 000 Purchase of raw...
FINANCIAL
JAMB 2007
Given:
Stock at start:
Raw materials................N57 000
Work-in-progress.............N42 000
Finished goods...............N71 000
Purchase of raw materials amount to N81 000, direct labour is N38 000 and factory overhead N29 000.
Calculate the prime cost?
- A. N176 000
- B. N170 000
- C. N167 000
- D. N156 000
Correct Answer: A. N176 000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *