Define the following; direct material costs, direct manufacturing-labor costs, manufacturing over-head costs, prime costs, and conversion costs?

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Cost Accounting A Managerial Emphasis

ISBN: 978-0136126638

13th Edition

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

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Question Posted: Mar 12, 2011 01:40 AM

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Define prime cost and conversion cost. Why cant prime cost be added to conversion cost to get total product cost?
Define prime cost and conversion cost. Why cant prime cost be added to conversion cost to get total product cost?
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Define the following; direct material costs, direct manufacturing-labor costs, manufacturing over-head costs, prime costs, and conversion costs?

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Direct material costs are the acquisition costs of all materials that eventuall...View the full answer

Cost Accounting A Managerial Emphasis

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