Prime Costs Are Defined As

question 82

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:

Outlier

A data point that differs significantly from other observations and can potentially skew results.

Measures Of Variability

Statistical values that describe the dispersion or spread in a dataset, such as range, variance, and standard deviation.

Scatter

The distribution of multiple data points in a two-dimensional graph, often used to observe and visually display the relationship between two quantitative variables.

Cracks Per Bar

A metric specifically used to quantify the number of cracks identified in a single bar of material, often used in quality control and materials testing.