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JAMB Accounting 2022 Objective — Question 30

Question 30 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.

30. Given Direct material #100,000, Direct labour #70,000, Direct expenses #21,000, Factory overhead #54,000: what is the prime cost?

A. (A) #245,000
B. (B) #191,000Correct
C. (C) #54,000
D. (D) #75,000

Explanation

Prime cost is the sum of all direct costs: #100,000+#70,000+#21,000 = #191,000.

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