A manufacturing company's cost of raw materials consumed for the year was $20 435 and its direct factory wages were $14 500. Calculate the prime cost.

Model answer

$34,935

Also accepted: 34935, 34 935

Explanation

Prime cost = cost of raw materials consumed + direct factory wages = 20 435 + 14 500 = $34 935.

Derived from ZIMSEC Principles of Accounting 4051/2 Paper 2, November 2022, Q1

More questions from this paper

Danho has every sitting for this paper, with your progress tracked question by question, offline.