Match the Col and write the answer in the front column. Column A Column B 1.Prime cost a. Cost of Production plus opening stock minus closing stock 2.Factory Cost b. Work cost plus Office and admin overhead 3.Cost of Production c. Cost of Goods sold plus selling and distribution overhead 4.Cost of Goods Sold d. Direct Material and Direct labour 5.Cost of Sales e. Prime Cost plus Factory Over head

Match the Col and write the answer in the front column. Column A Column B 1.Prime cost a. Cost of Production plus opening stock minus closing stock 2.Factory Cost b. Work cost plus Office and admin overhead 3.Cost of Production c. Cost of Goods sold plus selling and distribution overhead 4.Cost of Goods Sold d. Direct Material and Direct labour 5.Cost of Sales e. Prime Cost plus Factory Over head

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter19: Variable Costing (varcost)

Section: Chapter Questions

Problem 4R: To determine the effect of different levels of production on the company’s income, move to cell B7...

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