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Prime cost = direct materials + direct labor
while conversion cost = direct labor + factory overhead( which includes indirect materials, indirect labor and other indirect costs
Wiki User
∙ 2009-09-23 09:57:47
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What is the common element between prime cost and conversion cost?
Direct Labor.
Prime cost and conversion cost share what common element of total cost?
direct labor
How do you install conversion kit from 11primers to 209 primers for remington 700ml?
Buy a conversion kit and follow the instructions. If you can not do that give it to a qualified gunsmith to do.
What is the difference between automatic type conversion and explicit type conversion?
In programing languages automatic type conversion occurs when the language automatically changes a variable between different types for you. For example changing a number type to a string type. It usually does this because the type you are using is incompatible with the operation you are trying to preform, so it converts it to a new type which is compatible for you. Explicit conversion requires that you, the programmer, explicitly code the details on how the conversion is to take place. While automatic type conversion is convenient the conversion may not perform exactly how you expect. For example converting between a floating point number , e.g. 3.5 to an integer - will the system round the floating point number to 4 , or will it truncate the number to 3?
What is the conversion between English and American shotgun choke sizes?
http://www.guncustomizing.com/tech.htm#chokes There is no "conversion". The choke constriction is the choke constricition. What its called varies.
What is the one cost that would be classified as part of both prime cost and conversion cost?
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 would be?
The one cost that would be classified as part of both prime cost and conversion cost
What is the difference between prime cost and conversion cost?
Prime Cost=Direct Materials+Direct Labor Conversion Cost=Direct Labor+Factory (or Manufacturing) Overhead
How prime cost is different from conversion cost and Manufacturing Costs?
Prime cost basically is the cost of direct labor and cost of direct material; whereas conversion costs is Overhead cost and direct labor cost.
Differentiate between Prime and Conversion costs?
Prime costs is that cost which is prime for the manufacture of units of products while conversion cost is necessary to convert raw material into finished goods.
Is Amortization of patents on factory machine a prime or conversion product cost?
Conversion
Is indirect labor part of prime cost?
Only direct material and direct labor is part of prime cost while overheads are part of conversion cost so indirect labor is part of overheads so automatically part of conversion cost and not prime cost.
What is the common element between prime cost and conversion cost?
Direct Labor.
What is differanciate prime cost from conversion cost?
The fact that cost which requires to convert raw material into finished goods like direct labor and overhead differentiate the prime cost from conversion cost which includes raw material and labor.
Difference between conversion cost and prime cost?
Prime cost is that cost component without which no production is possible while conversion cost is that cost which required to convert raw materials into finished goods like direct labor and overhead costs.
Prime cost and conversion cost share what common element of total cost?
direct labor
Direct labor cost is a part of?
Direct labor cost is part of prime cost as well as it is part of conversion cost as well.
