According to CIMA, prime cost is ............

CS Executive · Corporate and Management Accounting · PYQS · December 2021
According to CIMA, prime cost is ............
(A) Direct material, direct labour and direct expenses
(B) Direct and indirect material and direct and indirect labour
(C) Direct material and direct labour
(D) Only direct material

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Accounting

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