Question on: WAEC Accounting - 1998
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Opening stock of Raw Materials} & 5,800 \ \text{Closing stock of Raw Materials} & 4,500 \ \text{Raw material purchased} & 19,000\ \text{Carriage outwards} & 1,300 \ \text{Direct labour} & 4,000 \ \text{Electricity(Factory)} & 2,500 \ \text{Supervisor's salary} & 5,500 \ \text{Depreciation of Plant} & 1,500 \ Sales & 58,000 \ \text{Closing stock(Finished Goods)} & 4,500 \ \text{Administrative expenses} & 5,500 \ \text{selling and Distribution Expenses} & 3,000\end{array}\)
The prime cost is
\(\begin{array}{c|c} & N \ \hline \text{Opening stock of Raw Materials} & 5,800 \ \text{Closing stock of Raw Materials} & 4,500 \ \text{Raw material purchased} & 19,000\ \text{Carriage outwards} & 1,300 \ \text{Direct labour} & 4,000 \ \text{Electricity(Factory)} & 2,500 \ \text{Supervisor's salary} & 5,500 \ \text{Depreciation of Plant} & 1,500 \ Sales & 58,000 \ \text{Closing stock(Finished Goods)} & 4,500 \ \text{Administrative expenses} & 5,500 \ \text{selling and Distribution Expenses} & 3,000\end{array}\)
The prime cost is
A
N26,800
B
N25,600
C
N24,300
D
N21,300
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Correct Option: C
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