Cost to purchase basic raw material for the manufacturing of product is called the raw material cost like in cost of wood in furniture etc.
Raw material is direct cost as without raw material no product can be produce and this value is also separately identifiable.
work in progress means the raw materials which are kept processing but not yet finished,it excludes the opening stock of raw materials and closing stock of finished goods its value is higher than raw material but significantly low as cost of finished goods
raw material cost variable cost because it change with volume of product i.e. the more you produce the more you have to purchase for raw material. Fixed cost are never change with changing in volume.Raw Material Cost is variable cost
raw material cost variable cost because it change with volume of product i.e. the more you produce the more you have to purchase for raw material. Fixed cost are never change with changing in volume.Raw Material Cost is variable cost
raw fish
The good becomes more expensive to produce
Some of the raw products needed to make PVC pipe include ethylene, chlorine, sodium hydroxide, and hydrogen. The cost of these raw materials fluctuates widely.
1 - Raw material cost 2 - Direct labor cost 3 - Overhead Cost
The fact that cost which requires to convert raw material into finished goods like direct labor and overhead differentiate the prime cost from conversion cost which includes raw material and labor.
Yes.z = (raw score - mean)/standard error.Since the standard error is positive, z < 0 => (raw score - mean) < 0 => raw score < mean.
the tickets cost 40.00