O-LevelAccountingAccounting procedures7707/11 · May/June 2017 · Q261 Mark
Which costs are included in prime cost? direct materials direct labour factory overheads change in work in progress A ✓ ✓ ✓ ✓ B ✓ ✓ ✓ C ✓ ✓ X X D ✓ X X X
Adirect materials (included), direct labour (included), factory overheads (included), change in work in progress (included)
Bdirect materials (included), direct labour (included), factory overheads (not included), change in work in progress (included)
Cdirect materials (included), direct labour (included), factory overheads (not included), change in work in progress (not included)
Ddirect materials (included), direct labour (not included), factory overheads (not included), change in work in progress (not included)
✓ Correct answer
C: direct materials (included), direct labour (included), factory overheads (not included), change in work in progress (not included)
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Accounting procedures and see which topics are most likely to come up next.
Sign up free →