Definition of Prime Cost In cost accounting, theprime costof a manufactured product is the combination of the following: Direct materialscost Direct laborcost Theindirect manufacturing costs(manufacturing overhead) arenotpart of the product’s prime cost. ...
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Accountingverse.comIntroductionManufacturing costs (direct materials, direct labor, and factory overhead) can be classified further into: (1) prime costs and (2) conversion costs.Prime CostsPrime costs refer to the total cost of direct materials and direct labor....
单词 prime cost 释义prime cost noun[C] uk us ACCOUNTING →direct cost(Definition ofprime costfrom theCambridge Business English Dictionary© Cambridge University Press) Examplesofprime cost prime cost Direct labor and overhead are often called conversion cost, while direct material and direct labor...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook prime cost Financial Encyclopedia Wikipedia n (Accounting & Book-keeping) the portion of the cost of a commodity that varies directly with the amount of it produced, principally comprising materials and labour. Also...
cost structureprime costs calculationpublic finances accountingAt the end of last year the government adopted the new higher education strategy. The "gear shifting" strategy in higher education was soon followed by the regulation swinging into high gear on 1 January 2014, which affected the ...
Before getting into how to calculate your restaurant’s prime cost, several terms need defining. Beginning Inventory Thebeginning inventoryis the monetary value of your inventory at the start of an accounting period. It is the cumulative value of goods available for sale or purchase and of goods...
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In view of the fact that the dollar does not maintain a constant value, how does a business measure the worth of assets and liabilities acquired over a long span of time The business records all assets and liabilities at cost. Each asset and each liability on the balance sheet is the sum...
3) Direct cost 直接成本 1. Calculation of direct cost of variation value of projects; 工程变更价格的直接成本计算 2. On the direct cost management of the construction project; 试论施工项目直接成本管理 3. Research on relationship between direct cost and government mandated price in radical operation...