The term prime costs refers to a Manufacturing costs incurred to produce units of output b All

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The term ‘‘prime costs’’ refers to a Manufacturing costs incurred to produce units of output b All costs associated with manufacturing other than direct labor costs and raw material costs Costs which are predetermined and should be attained d_ The sum of direct labor costs and all factory overhead costs e The sum of raw material costs and direct labor costs

(CMA adapted.)

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Cost Accounting Concepts And Applications For Managerial Decision Making

ISBN: 9780070103108

2nd Edition

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

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