Classify the following costs by stating whether they will belong in the prime cost or indirect manufacturing

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Classify the following costs by stating whether they will belong in the prime cost or indirect manufacturing costs section of the manufacturing account, or in the statement of comprehensive income.

● Purchases of raw materials

● Depreciation of machinery

● Carriage outwards

● Office insurance

● Factory foreman’s wages

● Direct power

● Salaries of sales staff

● Machinery repairs

● Carriage inwards.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 09, 2024 06:02 AM

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Classify the following costs by stating whether they will belong in the prime cost or indirect manufacturing

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Prime cost purchases of raw materials direct power ...View the full answer

Frank Woods Business Accounting Basics

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