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What is direct labor and direct materials?
Direct Material: Basic material ingredient to manufacture unit of product is called direct material Direct Labor: The basic labor force which is required to make any unit of product and without which it is not possible to make unit of product is called direct labor
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
What is the formula for prime cost?
Formula for prime cost = direct material + direct labor
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
Is direct material and labor a fixed cost?
If direct material and direct labor remains fixed irrespective of production volume then these are fixed costs otherwise these are variable costs and normally these are variable costs because it varies with the production volume.
What is direct labor and direct materials?
Direct Material: Basic material ingredient to manufacture unit of product is called direct material Direct Labor: The basic labor force which is required to make any unit of product and without which it is not possible to make unit of product is called direct labor
What is direct metrial and direct labor?
Direct material is that raw material which is required to produce the goods while direct labor is that cost without which no goods can be manufactured.
Is direct labor and direct material having any link with direct expenses?
Both direct labor and direct material are part of direct expenses incurred by company to manufactured goods or providing services and both have direct relations with direct expenses it means as much as direct material and direct labor as much the direct expenses which is total of both of them.
Define prime cost?
Direct Material Direct Labor direct Factory Overhead
What is the formula for prime cost?
Formula for prime cost = direct material + direct labor
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
How to determine unit product cost for one pound of coffee at using 4.20 direct materials .30 direct labor?
add the direct material +( direct labor* time)* nO of worker
Manufacturing overhead combined with direct labor forms prime costs?
Formula for prime cost = direct material + direct laborFormula for conversion cost = direct labor + manufacturing overheads
Is direct material and labor a fixed cost?
If direct material and direct labor remains fixed irrespective of production volume then these are fixed costs otherwise these are variable costs and normally these are variable costs because it varies with the production volume.
What is direct cost?
Direct cost is that cost which is directly attributable to products like material and labor.
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
What is prime cost in construction?
Prime cost is as follows:1 - Cement (Raw material)(direct material)2 - workers (direct labor)
