the aggregate of all direct costs is termed as __ cost
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In the above example, we will look at a prime cost, which is the aggregate of direct costs. If you look at each component of prime cost, you will see that each one is a direct cost. Here we used direct material and direct labor, which can easily be attributed to finished products.
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Answer:
In the above example, we will look at a prime cost, which is the aggregate of direct costs. If you look at each component of prime cost, you will see that each one is a direct cost. Here we used direct material and direct labor, which can easily be attributed to finished products.
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