Answer-Prime cost refers to which among the following?

Prime costs are the sum of direct costs incurred during the manufacture of a product. These costs comprise Direct Material, Direct Labour and Direct Expenses. Prime cost does not include indirect expenses like factory rent or supervisors salary.

Question

Prime cost refers to which among the following?

A Direct Cost + Indirect Cost

B All the overheads

C Direct Material + Indirect Material

D Direct Labour + Indirect Labour

E Direct Material + Direct Labour + Direct Expenses

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Prime cost refers to which among the following?

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