Prime Cost Is the Sum of Direct Materials and Direct

question 71

True/False

Prime cost is the sum of direct materials and direct labour.

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Definitions:

Productivity

The measure of efficiency of production of goods or services, often quantified as output per unit of input.

Coordinating

The process of organizing activities, tasks, or groups to ensure efficient functioning and achieve specific goals.

Identifying

The process of recognizing or establishing something as being a particular thing.

Replication

The process of duplicating or reproducing a study, experiment, or procedure to verify its results.