From the following data, calculate the value of the prime cost for the year ended 31 December

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From the following data, calculate the value of the prime cost for the year ended 31 December 2007.image text in transcribed

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(a) Production wages consisted of both direct and indirect wages. Direct wages account for 40% of the total production wages.

(b) Direct expenses accrued as at 31 December were £342.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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