What are prime costs? Why have they decreased in importance over time?

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 09:33 AM

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What are prime costs? Why have they decreased in importance over time?

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Direct materials and direct labor are referred to as prime costs A...View the full answer

Managerial Accounting

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