Distinguish between prime cost and overhead
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Prime cost is the direct cost for any commodity.
Over head costs are indirect costs. Eg cost for advertisement, transport, etc.
thanks...
Over head costs are indirect costs. Eg cost for advertisement, transport, etc.
thanks...
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THE DIFFERENCE BETWEEN PRIME COSTS AND CONVERSION COSTS INVOLVES THE THREE COSTS CATEGORIES ASSOCIATED WITH MANUFACTURING A PRODUT DIRECT MATERIALS DIRECT LABOR AND MANUFACTURING OVERHEADS .
DebdattaSil:
excuse me !
yes
i asked for the difference between prime cost and overhead
overhead expenses are all cost on the income statement except for direct labor
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