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The one cost that would be classified as part of both prime cost and conversion cost would be:

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Costs can either be prime costs or conversion costs but not both?

direct labor


Is direct labor cost part of a conversion or prime cost?

Both are correct. Coversion cost = Direct Labour + Manufacturing Overhead Prime cost = Direct Labour + Direct Material SOURCE: http://highered.mcgraw-hill.com/sites/0070980829/student_view0/glossary.html


How do you fine direct material cost per unit if you have the conversion prime and manufacturing cost per unit?

To find the direct material cost per unit, you can use the formula: Direct Material Cost per Unit = Total Manufacturing Cost per Unit - Conversion Cost per Unit. Here, the Total Manufacturing Cost includes both direct materials and conversion costs (labor and overhead). By subtracting the conversion cost from the total manufacturing cost, you isolate the direct material cost. Make sure to have accurate values for both the total manufacturing cost and conversion costs to ensure precision in your calculation.


Is Walmart balance sheet classified or comparative?

As far as I can tell, Wal Mart's annual report clasifies its assets are both classified and comparative, in that current assets are listed in the proper order of liquidity to cash, and comparative in that 5 fiscal years of annual reports are present in the report for comparison.


How is cash cash book a both book of prime entry and ledger account?

A cash book serves as a book of prime entry because it is the first place where all cash transactions are recorded in chronological order. It captures the details of cash receipts and payments as they occur. Additionally, the cash book also functions as a ledger account because it summarizes all cash transactions in one account, showing the opening balance, all transactions during a specific period, and the closing balance. This dual role of the cash book as both a book of prime entry and a ledger account provides a comprehensive record of all cash-related activities in the business.

Related Questions

The one cost that would be classified as part of both prime cost and conversion cost would be?

The one cost that would be classified as part of both prime cost and conversion cost


Costs can either be prime costs or conversion costs but not both?

direct labor


What is the prime factorization of 63 divided by 147?

0.4286


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They are both prime numbers.


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Brass is an alloy made of copper and zinc, which are both classified on the periodic table as metals. Its malleability and acoustic properties make it a prime choice in musical instruments.


What is the largest 2 digit number that is both prime and has prime numbers for both of its digits?

73 is the largest 2 digit number that is both prime and has prime numbers for both of its digits.


Is direct labor cost part of a conversion or prime cost?

Both are correct. Coversion cost = Direct Labour + Manufacturing Overhead Prime cost = Direct Labour + Direct Material SOURCE: http://highered.mcgraw-hill.com/sites/0070980829/student_view0/glossary.html


Does Pakistan have a prime minister or a president?

Pakistan has both a prime minister and a president.


Are 12 and 51 relatively prime?

They are not relatively prime. To be relatively prime, the only common factor they could have would be the number 1. Both also have the number 3 as a common factor, so they are not relatively prime.


What are the advantages of Roth IRA conversion?

The advantages of Roth IRA conversion is the fact that you will save both money and time. A dedicated tax agent would be happy to inform you on your tax decisions.


What are the prime numbers for 5 and 13?

Both are already Prime Numbers.5 and 13 are both prime numbers.


Is the number 5 both prime and composite?

No. There cannot be any number that is both prime and composite.