Answer to Question #149461 in Accounting for Zeeshan Ahmed

Question

A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a mark up. Job number Y256 was sold for $1,690 and incurred overheads of $694. What was the prime cost of the job? *

Answer 1

$prime cost=1690+0.3\times694=1898.2$