Discussion
Works or factory cost is the prime cost plus
Answer: A
Correct answer: factory overhead
\[ \mathrm{Works\ cost} = \mathrm{prime\ cost} + \mathrm{factory\ overhead}. \] The build-up adds one layer of overhead at each stage - factory, then administration, then selling - and the profit last of all. Keeping the order straight is most of what these definitions require.
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