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Direct labor and direct materials are the two main components of prime cost. Another component of prime cost is direct expense.
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Is A plus B equals 0 what can you say about the components of the two vectors?
All Components cancel The Component vector sum is zero Example: x-components A<------------------->B = zero same for y-components
What is mean by cost disadvantage independent of scale?
Refers to cost advantages that established firms in a particular industry have, and which new entrants cannot duplicate. Common examples are government subsidies, access to raw materialls, proprietary technology, and prime real estate locations.
What does product of prime mean?
a prime #
Is seventeen prime or composite?
Prime
Is thirteen prime or composite?
prime
What are the components of cost sheet?
There are three components of a cost sheet. These components are the prime cost, the factory cost, and the total cost.
What is the explanation for the components of prime cost?
Following are components of prime cost:1 – Direct Material2 – Direct laborThese components are those without which no production can be made that’s why it is called prime cost.
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.
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 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 is the formula for prime cost?
Formula for prime cost = direct material + direct labor
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.
For the purpose of calculating the cost of capital the capital components are what?
The principal components taken into account to calculate the cost of capital are the following: The dollar cost of debt, the dollar cost of preferred stock, and the dollar cost of common stock.
What are the components of ordering cost?
eoq =economic ordering cost is constant
