Prime Costs Are Defined as

question 17

Multiple Choice

Prime costs are defined as

• A)Manufacturing costs plus non-manufacturing costs.
• B)Direct labor plus direct materials.
• C)Variable costs equal fixed costs.
• D)Manufacturing overhead plus direct labor.

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Definitions:

Correlated Variables

Two variables that show a statistical relationship, where changes in one variable are associated with changes in the other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together.

Weak Relationship

Describes a connection or correlation between two variables or entities that shows minimal interdependence or association.

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.