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A mason can lay the bricks in a sidewalk in 14 hours. The mason's apprentice requires 20 hours to do the same job. After working together for 3 hours, the mason leaves for another job and the apprentice continues working. How long will it take the apprentice to complete the job?
Prime Cost
The combined direct costs of raw materials and labor that are directly attributable to the production of a product.
Direct Labor Cost
The wages paid to workers directly involved in production or service delivery, constituting a major component of a product's cost.
Variable Production
Production costs that vary in total directly and proportionately with changes in the production level.
Fixed Production
Production levels set without regard to the varying levels of demand or activity, often resulting in constant output rates.
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