The term "prime cost" refers to
A) all manufacturing costs incurred to produce units of output.
B) all manufacturing costs other than direct labor and raw material costs.
C) raw material purchased and direct labor costs.
D) the raw material used and direct labor costs.
Correct Answer:
Verified
Q59: Costs incurred for monitoring or inspecting products
Q60: A cost that remains constant in total
Q61: Hunnicutt Company is a construction company that
Q62: Which of the following costs would be
Q63: Which of the following is not a
Q65: Cost of Goods Sold is an
A)unexpired product
Q66: Period costs
A)are expensed in the same period
Q67: A selling cost is a(n)
product cost period cost inventoriable
Q68: Prime cost consists of
direct material direct labor overhead
A)no yes
Q69: Conversion cost does not include
A)direct labor.
B)direct material.
C)factory
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