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Direct Labor.

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Q: What is the common element between prime cost and conversion cost?
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Related questions

Prime cost and conversion cost share what common element of total cost?

direct labor


3 Distinguish between prime costs and conversion costs?

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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.


Are there common factors between 11 and 20?

There are no common factors between these values since 11 is prime and 20 is composite. Then, there are no common prime factors between these values.


What prime number is in common between the prime factorizations of 130 and 165?

5


When was The Prime Element created?

The Prime Element was created in 1976.


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.


What is the difference between Greater common divider and largest prime factor?

The GCF isn't always prime.


What does 'relatively prime' mean?

'Relatively Prime' simply means that two numbers have no common factors except 1 between each other. For example, two prime numbers would have no common factors between them. i.e., look at 3 and 10. There are no common factors between these 2 numbers.


Is there a relatively prime of 285 and 75?

No, there is no common divisor between 285 and 75. Therefore, they are relatively prime.


Is Amortization of patents on factory machine a prime or conversion product cost?

Conversion


What are the common prime factors between 16 and 24?

Just 2.