Answer-Prime Cost includes:

Prime Cost Direct material Direct labour Direct expenses. It represents the basicprimary cost of production. Adding factory overheads to prime cost gives works cost. This classification helps in cost analysis and control.

Question

Prime Cost includes:

A Direct material + Indirect labour

B Direct labour + Overheads

C Direct material + Direct labour + Direct expenses

D Works cost − Factory overheads

E Total cost − Admin expenses

Practice Next

More Previous year papers Questions

How many stages are there in the money laundering process?
Which of the following statements is not true about the Matrix type of Organization Structure?
An enterprise with annual turnover of ₹22 crore and investment of ₹3 crore falls under which MSME classification as per revised definitions (2020 onwards)?
What is the term used to describe the process of staffing in which the right candidate for the organization is onboarded?
David Malpass resigned from which organization?
As per the Securities Contracts (Regulation) Act (SCRA), 1956, which of the following best describes the definition of government securities?
Which of the following will not be a party to foreign Letter of credit?
What is the maturity period of External Commercial Borrowings?
As per RBI guidelines, if an account holder fails to nominate anyone in a bank account, upon death, what is the default legal process?
The capital of Reserve Bank of India (RBI) is:

Hey! Ask a query

Prime Cost includes:

Detailed Solution

More Previous year papers Questions

Hey! Ask a query

Please Register/Login