Prime Costs Are Comprised Of

question 45

Multiple Choice

Prime costs are comprised of:

• A)direct materials and manufacturing overhead.
• B)direct labour and manufacturing overhead.
• C)direct materials, direct labour, and manufacturing overhead.
• D)direct materials and direct labour.
• E)direct materials and indirect materials.

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Definitions:

Information System

A structured, interacting, complex of people, machines, and procedures designed to generate an orderly flow of pertinent information, for use as a basis for decision-making in specific responsibility areas.

Supply Chain Data

Information and metrics collected from across the supply chain used for analysis, forecasting, and making informed decisions.

Process Management Software

Applications designed to support the planning, execution, tracking, and analysis of business processes, often facilitating improvement and optimization.

Best-Of-Breed Software

Software products that are considered the top choice in their sector, offering specialized functionality superior to that found in integrated suites.