From the following data, calculate the value of the prime cost for the year ended 31 December
Question:
From the following data, calculate the value of the prime cost for the year ended 31 December 2007.
Additional information:
(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.
Transcribed Image Text:
Inventory of raw materials as at 1 Jan 2007 Inventory of raw materials as at 31 Dec 2007 Purchases of raw materials Production wages Direct expenses 5,645 6,577 54,322 89,770 13,443
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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