Difference between overheads and prime costs
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Prime cost is cost of materials and labor involved in a production of commodity, excluding fixed costs. 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.
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Prime cost is cost of materials and labor involved in a production of commodity, excluding fixed costs. 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.
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