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What is the formula to calculate prime costs?
Formula for Prime Cost = Material Cost + Labor Cost
Is a direct labor wages a prime cost?
Formula for prime cost is as follows: prime cost = direct material + direct labor So according to above mention formula yes it is prime cost because whitout labor no unit of product can be manufactured.
Is variable overheads include in prime cost?
Direct labor and direct materials are the components of prime cost so no other cost is part of prime cost and hence variable overheads also not included in prime cost.
Is the direct expense part of prime cost?
yes it is part of the prime cost
Is indirect cost a prime cost?
No
What is the formula to calculate prime costs?
Formula for Prime Cost = Material Cost + Labor Cost
Is a direct labor wages a prime cost?
Formula for prime cost is as follows: prime cost = direct material + direct labor So according to above mention formula yes it is prime cost because whitout labor no unit of product can be manufactured.
Manufacturing overhead combined with direct labor forms prime costs?
Formula for prime cost = direct material + direct laborFormula for conversion cost = direct labor + manufacturing overheads
Differntiate between prime cost and factory cost?
Prime cost is a subset of Factory cost. Prime cost consist of Direct material, Direct labour and Direct expenses. Factory cost = Prime cost + Production OH
What is the nth term formula of prime numbers?
There is no formula for prime numbers. They form a random sequence.
Is variable overheads include in prime cost?
Direct labor and direct materials are the components of prime cost so no other cost is part of prime cost and hence variable overheads also not included in prime cost.
Production cost formula?
cost of production formula
Is the direct expense part of prime cost?
yes it is part of the prime cost
What is Prime Margin?
Sales minus Prime cost = Prime Margines. Direct material and direct labor are often referred to as prime cost.
Is it possible to find out prime number formula?
There is a proof that there is no such formula for generating all the prime numbers. Best, TSA
Is indirect cost a prime cost?
No
What is formula of minimum carrying cost?
formula for carrying cost?
