Question on: SS2 Accounting - Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production
What is the prime cost of production?
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A
The total cost of all raw materials used in production
B
The total cost of all direct costs associated with production
C
The total cost of all indirect costs associated with production
D
The total cost of all raw materials and labour used in production
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Correct Option: B
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