Question

4 difference between prime cost and overhead cost in keypoint form

Answer 1

Answer:

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Overhead cost is the cost of on-going expenses such as rent,utility, and insurance. - Prime cost refers to the expenses incurred in acquisition of raw materials and labour to be used in production. Establishing prime costs helps in determining the amount of input required to get a specified output

Answer 2

Answer = In prime cost refer to all direct cost which are directly involve in production work.

In overhead cost refer to all indirect cost which are not directly involve in production work.

Explanation: