Prime Costs Are the Same as

question 45

Multiple Choice

Prime costs are the same as

• A)Manufacturing costs minus non-manufacturing costs.
• B)Manufacturing costs minus manufacturing overhead.
• C)Manufacturing costs minus fixed costs.
• D)Manufacturing costs minus direct materials.

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Definitions:

Gatorade

A brand of sports-themed beverages and products, marketed for hydration and performance enhancement.

Product Life Cycle

The process a product undergoes, beginning with its introduction, followed by growth and maturation, and ultimately leading to its decline in the market.

Industry Sales Revenue

The total income generated by companies within a specific industry from the sale of goods and services, excluding costs and expenses.

Total Fixed Costs

The sum of all costs that do not change with the level of output or sales over a specified period of time, such as rent or salaries.