Direct Labor Is a Part of Both Prime Cost and Conversion

question 43

True/False

Direct labor is a part of both prime cost and conversion cost.

---

Definitions:

Patient-Visits

The instances or occasions when patients come to a healthcare provider or facility for treatment or consultation.

Flexible Budget

A resilient financial scheme that modifies in tune with variations in activity or volume.

Wells Serviced

The number of oil or gas wells maintained, repaired, or serviced by a company over a specific period.

Activity Variances

Differences between expected and actual costs or revenues, often associated with specific activities or operations within a business.