Which of the following expenses constitutes prime cost? I. Direct labour cost II. Factory overheads III. Hiring of machine for production IV. Warehouse rent

Question 1 Report

Which of the following expenses constitutes prime cost?
I. Direct labour cost II. Factory overheads III. Hiring of machine for production IV. Warehouse rent

I and II only

I and III only

I, II and III only

I,II and IV only

Manufacturing Accounts

Nature And Significance Of Accounting

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