O-LevelAccountingPreparation of financial statements7707/11 · May/June 2016 · Q241 Mark

A manufacturer provided the following information. [Table: cost of raw materials consumed $20000; direct wages $10000; light and heat $5000; machinery repairs $3000] What was the prime cost?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

A$20000

B$30000

C$35000

D$38000

✓ Correct answer

B: $30000

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Preparation of financial statements and see which topics are most likely to come up next.

About this question

Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2016 Paper 1 Variant 1, question 24.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A manufacturer provided the following information. [Table: cost of raw materials consumed $20000; direct wages $10000; light and heat $5000; machinery repairs $3000] What was the prime cost?

✓ Correct answer

Practise more questions on this topic

About this question

Related Accounting questions