Prime Costs Consist Of

question 89

Multiple Choice

Prime costs consist of:

• A) Direct Labour and Manufacturing Overhead.
• B) Direct Material and Direct Labour.
• C) Direct Material and Manufacturing overhead.
• D) Direct Material,Direct Labour and Manufacturing OverheaD.

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Definitions:

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of their relationship.

Statistical Relationship

The association or connection between two or more variables, which can be determined through statistical analyses.

Negative Correlation

A statistical relationship between two variables where one variable increases as the other decreases.

Confounding Variables

Factors other than the independent variable that might cause changes in the dependent variable, potentially misleading the results of a study.