Which of the following is included in both the prime cost and conversion cost ?

CS Executive · Cost and Management Accounting · PYQS · June 2019
Which of the following is included in both the prime cost and conversion cost ?
(A) Direct Material
(B) Direct Labour
(C) Indirect Material
(D) Indirect Labour

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Concepts

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