JAMB Accounting 2013 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q27) Determine the prime cost.

A. ₦525,000
B. ₦515,000
C. ₦465,000
D. ₦365,000Correct

Explanation

Prime cost = Cost of raw materials used 335,000 + Direct wages 30,000 = ₦365,000.

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