WAEC Accounting 2017 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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24. Production cost of a manufacturing firm is made up of
- A. A. indirect materials and prime cost
- B. B. factory overheads and prime costCorrect
- C. C. direct materials and wages
- D. D. factory overheads and direct materials
Explanation
Cost of goods produced = Prime cost + factory overheads.
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