The prime cost of goods manufactured is the total of:
A . All factory costs of goods completed
B . All factory costs before adjusting for work in progress
C . Direct materials, labor and overheads
D . All materials and labor
Answer: C
The prime cost of goods manufactured is the total of:
A . All factory costs of goods completed
B . All factory costs before adjusting for work in progress
C . Direct materials, labor and overheads
D . All materials and labor
Answer: C