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Business Studies

Estimating Manpower Requirements

The total of ...

Question

The total of all direct expenses is known as __________ cost.

A

Prime

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B

Works

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C

Production

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D

Both A and B

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Solution

The correct option is D Prime
Prime Cost may be defined as:

Opening stock of RM
Add: Purchased of Raw Material
Less: Closing stock of Raw Material
Add: Direct Labor
Add: Direct Expenses
--------------------
PRIME COST xxxx
--------------------

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