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Prime cost includes _______.

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Prime cost includes _______.
  • Adirect materials, direct wages and indirect expenses
  • Bindirect materials and indirect labour and indirect expenses
  • Cdirect materials, direct wages and direct expenses
  • Ddirect materials, indirect wages and indirect expenses
Correct answer: C
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direct materials, direct wages and direct expenses

Prime cost includes direct materials, direct wages and direct expenses. Prime costs are a firm's expenses directly related to the materials and labor used in production. It refers to a manufactured product's costs, which are calculated to ensure the best profit margin for a company.