/ Makeup Test (06-05-2021 from 11.00 to 12: Noon)Question 4Costs of manufactured are 958000 OMR, Prime cost is 866000 OMR, and Factoryoverheads are 12 % of prime cost, Calculate cost of productionNot yetansweredMarked out ofSelect one:2.00a. None of theseP Flag questionb. 992350 OMRc. 969920 OMRd. 991950 OMR

Prime cost can be defined as the direct cost of production or manufacturing. It includes the cost…

Answered: Costs of manufactured are 9580…

Costs of manufactured are 9580 overheads are 12 % of prime cos Select one: a. None of these b. 992350 OMR c. 969920 OMR O d. 991950 OMR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

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