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. ...
Prime cost is a sum of all the direct costs i.e. prime cost is the aggregate of all such costs that can be traced back to products (cost units) or cost centers. Thus prime cost means sum ofdirect material costs,direct labour costsanddirect expenses. Direct material costsinclude cost incu...
Suppose that the cost of the raw materials—lumber, hardware, and paint—totals $200. The furniture maker charges $50 per hour for labor, and the project takes three hours to complete. The prime cost to produce the table is $350 ($200 for the raw materials + (50 x 3 hours of labo...
Knowing your restaurant’s prime cost is integral to successfully run your business. But what is a restaurant’s prime cost, and how do you calculate it? A restaurant’s prime cost is the cumulative cost of goods and labor expenses you have accrued. The prime cost includes: Food cost Liquo...
Because mortgage interest is such a big part of your total cost, it’s important to understand how it works. That interest is an extra fee and doesn’t reduce your mortgage principal. In general, at the beginning of your mortgage, a bigger portion of your mortgage payment goes to interest...
What’s the plan, genius? She treats Ki-Tek like shit, but it doesn’t bother him. He rises with the most serene, enlightened smile, then plods over to the -- LIVING ROOM SLASH KITCHEN Where he removes a bag of white bread from the sad, empty fridge. The bread is nearly gone to...
A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for 694. What was the prime cost of the job? () A.$489 B.$606 C.$996 D.$1,300 查看答案 你可能感兴趣的试题 单项选择题 HTM...
“What is the #1 habit of highly successful content marketing campaigns (i.e. what do businesses that have success with content marketing do well consistently)?” You can see the full answers of every respondent below, but we’ve also categorized each answer to see what common t...
trends, understanding customer needs, and assessing your competition. Tools like Google Trends, keyword research tools, and social media can provide valuable insights. Once a potential niche is identified, validate its profitability by assessing demand, competition, and, importantly, the potential for ...
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