0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is prime cost in construction?
Prime cost is as follows:1 - Cement (Raw material)(direct material)2 - workers (direct labor)
Total cost for labor and material for 96 sq. ft. concrete slab - PA?
how much does 3 yards of concrete cost
What would it cost for the materials and labor cost of pouring a 10'x10' concrete slab?
what is a concrete laborer's salary
What is cost to install escalator step chain?
Very difficult to answer because you need to qualify the question: 1. Type of escalator 2. Width of escalator steps 3. Number of escalator steps 4. Material cost for step chain 5. Labor rate for a team 6. Normal hours vs. Overtime
Why you use cut-off ratio in diesel cycle not in Otto cycle?
We use cut-off ratio in diesel cycle and not in Otto cycle because it is cost effective.
What is the common ratio of labor cost to materials during a bid?
In my opinion the ratio of labor is 40% and Material is 60%
What should the relationship of material cost to labor cost be?
labor costs should be half of what the materials cost
What are the basic elements of production cost?
material cost Labor cost Overhead Cost
Definition of a predetermined overhead rate?
Predetermined overhead rate is that overhead rate calculated before start of production to allocate overhead costs to units of products by using some ratio in relation to some other cost like material cost or labor cost or labor hours etc.
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
What is differanciate prime cost from conversion 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.
What are the three main costs that are included in the price of a product?
1 - Raw material cost 2 - Direct labor cost 3 - Overhead Cost
How do you calculate cost price?
Total cost price = Material cost + labor cost + overheads costs
What is direct cost?
Direct cost is that cost which is directly attributable to products like material and labor.
What is the formula to calculate prime costs?
Formula for Prime Cost = Material Cost + Labor Cost
Is indirect material is fixed cost or variable cost?
Indirect material is normal fixed cost that is why it is allocated using some kind of ratio or formula.
What is the formula for prime cost?
Formula for prime cost = direct material + direct labor
