logo

Cambridge IGCSE Accounting practice

What is included in prime cost?

Try the question first, then check the answer and practise the same topic again.

Show answerManufacturing accounts revisionRevise the key idea

At a glance

MCQ

Type

cambridge_mcq

Style

Topic

Manufacturing accounts

Exam-style question

Try this first

What is included in prime cost?.

  1. A.Direct materials only
  2. B.Direct labor only
  3. C.Direct materials and direct labor
  4. D.Factory overheads

Answer and explanation

Attempt the question first, then reveal the model answer and explanation.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 3 attempted

Paper 2 structured question: Manufacturing accounts

Paper 2Structured Written Paper3 marks

Description

Manufacturing Account Data

The company has the following costs: Direct materials: $50,000, Direct labor: $30,000, Factory overheads: $20,000, Work in progress at the beginning: $5,000, Work in progress at the end: $3,000.

  1. a

    Calculate the total factory cost of production for the year.

    Aim for approximately 3 distinct marking points.

    [3]