Question: answer these true and false. and if they are false then prove it or tell me why are they false 1. Prime Cost is the

answer these true and false. and if they are false then

answer these true and false. and if they are false then prove it or tell me why are they false

1. Prime Cost is the only category of cost element in cost sheet that does not have direct expenses. True / False Explanation. 2. Addition of factory overheads to Prime cost gives cost of production. True / False Explanation. 3. Work in progress means closing stock of finished goods. True / False Explanation. 4. Cost sheet helps in many costing functions. True / False Explanation 5. Lighting for office building is added in order to arrive at cost of production. True / False Explanation

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