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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Prime cost for year to 31 December 2007 Inventory of raw ma...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
179+ Reviews
294+ Question Solved
Related Book For 
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
