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What is prime cost sum?
A prime cost is the allowance that is usually measured by the cost consultant for the needed supplies at work. It is to be provided by the contractors or the suppliers.
What is the difference between prime cost and variable cost?
lina
Disadvantage of forward vertical?
advantages: more control, cost control and competitive advantages
Different between prime cost sum and provisional sum?
one has ' prime cost' in front of the word 'sum' and the other has the word 'provisional' in front of 'sum'
How much does a solar farm cost?
To put up a solar farm takes on average around $ 1 million , there are many advantages to solar energy including relativly low maintaince cost. The disadvantages would have to be that each pannel is very expense, but the long term advantages both in price and in saving the environment greatly outweigh the disadvantages.
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
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.
What is the formula to calculate prime costs?
Formula for Prime Cost = Material Cost + Labor Cost
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 indirect cost a prime cost?
No
What are the Advantages and dis advantages of stylus?
They cost extra.
Advantages and disadvantages of cost management system?
advantages of cost management in relation to finacial efficiency
What are the components of prime cost?
Direct labor and direct materials are the two main components of prime cost. Another component of prime cost is direct expense.
What is the formula for prime cost?
Formula for prime cost = direct material + direct labor
What are the disadvantages and advantages of capitlism?
cost of capital advantages
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.
