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katen-ka-za [31]
3 years ago
8

LO 5.2What is the difference between prime costs and conversion costs?

Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

Material cost + Labor cost are called ‘Prime Costs’

Labor cost + Overhead cost are called ‘Conversion Costs’

Explanation:

Prime cost is defined as material cost+Labor cost. All the material costs and labour costs are included in the definition of the prime cost.

Conversion cost is defined as Labor cost+ overhead cost. All the costs related to labor and overhead are included in the definition of Conversion cost.

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Added toppings as well such as syrup or something
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3 years ago
Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2
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Explanation:

Data provided  in the question

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3 0
4 years ago
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Answer:

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4 0
3 years ago
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7 0
3 years ago
The law of demand states that A. a higher price will lead to increased sales. B. quantity demanded will vary inversely with the
Alchen [17]

Answer:

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