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WAEC Accounting 2018 Objective — Question 31

Question 31 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

Prime cost of production is

A. GH¢64,000
B. GH¢94,000Correct
C. GH¢111,000
D. GH¢116,000

Explanation

Prime cost = Direct materials + Direct labour = 64,000+30,000 = GH¢94,000.

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