O-LevelAccountingAccounting procedures7707/12 · May/June 2016 · Q241 Mark

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

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A$20000

B$30000

C$35000

D$38000

✓ Correct answer

B: $30000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2016 Paper 1 Variant 2, question 24.

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