Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.

Answers

Answer 1

Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.

The prime cost equation is {Cost of raw materials + Direct labor}

The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.

Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.

In conclusion, the prime cost and overhead cost are both significant in production of finished goods.

Read more about overhead cost

brainly.com/question/4473400


Related Questions

What is the name of the tab that becomes available after you add and select an image in your PowerPoint presentation?

Home
Insert
Picture
View

Answers

Answer: Picture tab

Explanation:

When you insert a picture, PowerPoint for the web places the picture on your slide and puts a Picture tab on the ribbon. With the picture selected, click the Picture tab.

When Frozen DeLites Ice Cream moved from its longtime storefront to a famous resort area, it took a big risk. However, the owners were confident that its unique ice cream treats would win customer raves. Fortunately, one of the members of the family business was convinced the shop needed to stay in touch with its customers. Frozen DeLites collects names and email addresses of its customers and maintains a presence on a few social media sites in order to send messages about promotions and coupons to valued customers.

Marketing professionals refer to this strategy as: _________

Answers

Marketers professionals refer to the strategy of collecting customer names and email addresses and maintaining a presence on social media sites to send messages about promotions and coupons to valued customers like relationship marketing.

This strategy of creating relationships with customers has as its main objective the generation of value and customer loyalty through a closer and more direct relationship.

Relationship marketing is a strategy that has had a greater impact with technological development, social media for example, has strengthened communication between company and customer, making the relationship closer and more dynamic.

Therefore, companies that use relationship marketing create value through content that generates benefits and customer engagement with the company, increasing loyalty and positioning in the market.

Learn more about relationship marketing here:

https://brainly.com/question/6059198

which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps

Answers

The government website in which it is listed that the aforementioned names were employees is the USPS.

The United States Postal Service:

Employed Walt Disney as a postal carrier in 1918Employed Bing Crosby as a post office counter Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

Find out more about the USPS at https://brainly.com/question/910319.

One of the most popular and effective ways to teach students are known as S.M.A.R.T goals. S.M.A.R.T is an acronym that stands for specific, measurable, achievable, relevant, and timely.

a. True
b. False

Answers

a. True.

S.M.A.R.T is an acronym that stands for “Specific, Measurable, Achievable, Relevant, and Timely”.

In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is _____ and quantity demanded is _____.

A. 50, 350
B. 450, 75
C. 200, 200

Answers

Answer:

C. 200, 200

Explanation:

Pls try your best to answer
Pick regular income if it's a regular income and irregular if it's not
1. Wages and salaries
Regular Income
Irregular Income
2. Pensions
Regular Income
Irregular Income
3. Short time work support
Irregular Income
Regular Income
4. Fees from services
Regular Income
Irregular Income
5. Overtime payment
Regular Income
Irregular Income
6. Bonus payment
Regular Income
Irregular Income
7. Commission
Regular Income
Irregular Income
8. Profit
Regular Income
Irregular Income
9. Fees from rent
Regular Income
Irregular Income
10. Lottery wins
Irregular Income
Regular Income

Answers

Answer:

1.Regular Income

2.Regular Income

3.Irregular Income

4.Irregular Income

5.Irregular Income

6.Irregular Income

7.Regular Income

8.Regular Income

9.Irregular Income

10.Irregular Income

Explanation:

Mark me Brainliest if this helped you at all.

Producing goods only enough to meet the basic needs of the family is called

Subsistence Production
Surplus Production
Domestic Production
Export Production

Answers

Answer:

Domestic production

Explanation:

Domestic production means we make things only to satisfy our household needs of family.In simple words the production which is made not in the intention of business is called Domestic production

In the ______ stage of team development, members depend on the project manager to provide direction and structure.

Answers

Based on business management, in the Forming stage of team development, members depend on the project manager to provide direction and structure.

Stages of team developmentForming StormingNormingPerformingAdjourning

Generally, the forming stage forms the first or early stage of team development.

During this period, the rest of the project manager and the members depend on him to provide direction and structure.

Hence, in this case, it is concluded that the correct answer is "Forming stage."

Learn more about Team Development here: https://brainly.com/question/10061787

who is the supervisory body for the federal reserve system?

Answers

Answer:

The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.

Explanation:

margaret puts money into her savings account each month. in this example money is functioning as a

Answers

Answer: a store of value

In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.

What are the characteristics of money?

Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.

One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.

In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.

Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.

Learn more about characteristics of money here:

https://brainly.com/question/14108130

#SPJ2

Dr. Montgomery recently graduated from medical school and his wife bought him an engraved stethoscope. The stethoscope cost $160. 0. The sales tax in his city is 8%. What is the total cost of the stethoscope in dollars and cents including sales tax?.

Answers

Answer: $172.8

That's correct :)

Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Graphic Designers? Check all that apply.
conferring with clients
creating designs, concepts, and sample layouts
scheduling projects for clients
hiring and training new team members
determining size and arrangement of illustrative material and copy
developing graphics and layouts

Answers

Answer:

creating designs, concepts, and sample layouts

scheduling projects for clients

determining size and arrangement of illustrative material and copy

developing graphics and layouts

Answer:1,2,5,6.

Explanation:

Government plays a role in all economic systems.
a
True
b
False

Answers

Based on different economic system analyses, it is true that government plays a role in all economic systems.

How does Government play a role?

Generally, whether capitalist economic system socialist economic system, the government still plays a role.

For example, in the capitalist economic system, government plays the role of regulatory and complementary responsibilities.

While in a socialist economic system, the government takes more comprehensive roles such as production and distribution.

Hence, in this case, it is concluded that the correct answer is "True."

Learn more about the government role in the economy here: https://brainly.com/question/8887192


What is the main advantage of having a skill set with a high market value?
A. Workers are more productive per hour using those skills.
B. Employers are willing to pay more for those skills.
C. Worker organizations have a major need for those skills.
D. There are fewer regulations restricting those skills.

Answers

B. Employers are willing to pay more for those skills.

Select the correct answer.
What type of curve results from plotting the market price of a commodity and the quantity required by consumers?
O A downward-sloping curve
O B. upward-sloping curve
OC. supply curve
OD
self-intersecting curve

Answers

Answer:

The answer is A

Explanation:

The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.

the answer is B upwarddd-sloping urge

Which option identifies the type of budget development represented in the following scenario?

The Board of Directors of a large cereal manufacturer mandates a 6 percent increase in profits for 2015 and requests operating budgets from each department.


bottom-up approach

top-down approach

incremental method

zero-based method

Answers

Answer:top approach

Explanation:

What is a trend in business

Answers

A trend in buisness is to invest

what describes the specific information about a policy

Answers

Policy summary is what describes the specific information about a policy.

Policy is a term, commonly associated with insurance . It is a set of rules or guidelines for an organization and employees to follow in or to achieve a specific goal (i.e. compliance).

A policy summary describes the features and elements of the specific policy for which a person is applying.

Policy summary contains the following :

Name and address of the producerName of the policy issuedPremiumSurrender value

Therefore, Policy summary is what describes the specific information about a policy.

Learn more about policy summary here :

https://brainly.com/question/1373572

What do realtors do for the business (in a lot of detail)

Answers

Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.

Explanation: I hope this helps!

true or false? you should revisit your kpis every 18 months.

Answers

Answer:

false

have a nice day!!!

The extended warranty on a ceiling fan is 18% of the purchase price. If the price of the fan is $140, how much is the warranty? a. $7. 78 b. $25. 20 c. $18. 72 d. $12. 86.

Answers

Answer:

holi es la l D hojala te pueda ayudar con todo corazón

What guidelines must colleagues follow when providing gifts, meals, entertainment or other things of value to clients, customers, or third parties

Answers

The guidelines that is needed to  be followed by colleagues when providing gifts, meals or entertainment to clients are;

The colleagues should make sure gift or entertainment is not been perceived as a bribe by clients.The gifts or entertainment must be consistent as regards the accepted business practice.The gift should not make the recipient to feel insecure in making a fair decision.

When gifting out some meals or entertainment to clients, there are some necessary consideration that is needed to be made so that the recipient won't feel unsecured with the gift.

In the process of gifting, one of the guidelines is that the gift should look like a bribe which means it must be aligned with business or practice of the organization

We can conclude that when a colleagues when providing gifts, meals to clients it should be done in way that follows accepted business practice.

Learn more about how to present gifts to clients at:

https://brainly.com/question/17387714

Should the United States pass a balanced budget amendment? Explain your answer.

Write one or two paragraphs stating your position. In your argument, include your opinion on the merits of a balanced budget amendment. Support your response with logical reasons and examples

Answers

Answer:

There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.

Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:

a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.

Answers

I think the answer would be C hope it helps

Bill wants to prepare his own taxes but wants a bit more guidance. He wants to file taxes without having to spend much money. What is his BEST option for filing taxes?

A. Prepare his taxes on her own.

B. Prepare his taxes with using an electronic tax program.

C. Hire someone to prepare his taxes.

Answers

Answer: B. Prepare his taxes with using an electronic tax program.

Explanation: had this question and got it correct!

Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?

Independence
Increased creativity
Easy class credit
Easy decision making

Answers

Answer:

Easy decision making

Explanation:

Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.

The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Answers

Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

Network Diagram in Project Management

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

Learn more about Network Diagram here: https://brainly.com/question/8147877

how does credit utilization affect your credit score?

Answers

A high utilization rate is a sign that you may be experiencing financial difficulty and is a strong indicator of lending risk. As a result, high utilization hurts credit scores and can cause lenders to be reluctant to extend additional credit

Salmon, Incorporated issues 500,000 shares of preferred stock for $60 a share. The stock has a fixed annual dividend rate of 5% and a par value of $18 per share. The current price of the preferred stock is $64 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: _________

Answers

If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Using this formula

Annual dividends= Par value × Fixed Annual dividend rate

Where:

Par value= $18 per share

Fixed Annual dividend rate= 5% or 0.05

Let plug in the formula

Annual dividends= $18 per share × 0.05

Annual dividends= $0.90 per share

Inconclusion if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Learn more about annual dividend here:https://brainly.com/question/25557702

at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, and discuss work-related problems. although the teams were later phased out, their work was, in part, responsible for almost doubling production at land rover from 1993 to 1996.

Answers

Explanation:

you would have 5000

i hope i help you

Other Questions
Plants can synthesize energy rich in sugar molecules using photosynthesis and later break it down into energy for performing life processes using cellular respiration. These two processes require direct interaction between what organelles? Which is an example of a statement about climate?OPTIONSIt rained 3 inches last night.Snow and very low temperatures are predicted for tomorrow.Florida is known for its sunny skies and warm temperatures.I plan to go swimming tomorrow. Identify the italicized word as an adverb or a preposition.She walked by the market.A.prepositionB.adverb I really need help please! Part 1: Name the type of chemical reaction that occurs when aluminum (Al) reacts with copper nitrate (Cu(NO3)2). Part 2: Explain why aluminum does NOT react with potassium nitrate (KNO3) although it reacts with copper nitrate. What is the first step in solving the equation 3. 5 n + 6. 4 = 42. 5? add 6. 4 to each side of the equation. Subtract 6. 4 from each side of the equation. Multiply each side of the equation by 3. 5. Divide each side of the equation by 6. 4. Houa is driving to a concert and needs to pay for parking. There is anautomatic fee of $8 just to enter the parking lot, and when she leaves the lot, she will have to pay an additional $2 for every hour she had her car in the lot. How much total money would Houa have to pay forparking if she left her car in the lot for 3 hours? How much total money would Houa have to pay if she left her car in the lot for 3 hours? How much would Houa have to pay if she left her car in the lot for t hours?Cost of parking for 3 hours:ICost of parking for t hours: Calculate the oxidation number for carbon in CH4 Which disorder sometimes causes people to see figures in their room, feeling like they are being dragged out of bed, and loud noises?A.Sleep ApneaB. InsomniaC. Sleep ParalysisD. Narcolepsy Anita analyzed an editorial in her local newspaper in which the writer argued that a local family-owned business placed profit above employee safety. She concluded that the writer had based the argument on feelings rather than facts.Which of the following sentences from the editorial provides evidence to support Anitas conclusion?A Weppers factory is an unsafe working environment.B I know because I worked there until 2014, when my section was shut down.C While I worked at Weppers, I never saw the equipment being tested or even repaired.D A co-worker was injured on the job when another worker dropped a wrench on his foot. Which is a type of mining that is very dangerous but doesn't disrupt much of the surface? A Surface mining B. Strip mining C. Mountaintop removal D. Long wall mining The oxygen atoms in the thermosphere absorb high-energy solar radiation and convert it into heat energy.truefalse what action movie star founded his own martial arts system? Chromosomes on a karyotype are arranged from largest to smallest. True False Read this excerpt from Rainer Maria Rilkes The Spanish Dancer and answer the question. As on all its sides a kitchen-match darts white Flickering tongues before it bursts into flame: What figure of speech does Rilke use in the line above? oxymoron hyperbole personification irony How much fence is needed to surround a garden with side lengths of 2.1 meters, 3.5 meters, 1.9 meters, and 2.25 meters? 1Select the correct answer.In which paragraph of the excerpt does the tension surrounding Mrs. Wessington's presence begin?OA. paragraph 3O B. paragraph 7O C. paragraph 4OD. paragraph 1ResetNext A backyard measures 30 feet by 40 feet. If the owner builds a fence around, about how many feet of fencing will be needed? Evaluate:[tex] {8}^{ - \frac{2}{3} } [/tex]with steps please If 6 pounds of apples cost $4.80 what is the cost per 9 pounds Brainliest Please do one of the above(I would appreciate if you did more then one)