Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. explain what you understand by the term prime c

a. Explain what you understand by the term Prime Cost.(3 marks) b. Sketch...

50.1K

Verified Solution

Question

Accounting

a. Explain what you understand by the term Prime Cost.(3 marks)
b. Sketch a graph that depicts the following types of costs.
i. Variable costs.
ii. Fixed costs
iii. Stepped costs
iv. Total cost (4 marks)
c. Describe the following types of costs as used in cost accounting studies
a. Conversion cost (3 marks)
b. Opportunity cost (4 marks)
c. Sunk cost (3 marks)
d. Committed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write a creative story to tell about the journey of a jogger from one location in...

Physics
Q

UNITE is a union that was established in the late 1800s to represent workers in the...

General Management
Q

The length of sonometer wire between two fixed ends is 100 cm Three bridges A...

Physics
Q

A particle of mass m is kept on a wedge of mass M as shown...

Physics
Q

4 1 of 3 S eBook Print eferences The accounting records of Nettle Distribution show...

Basic Math
Q

Converting P 36 39 x 38 39 to the standard normal random variable z gives...

Statistics
Q

Section 301 of the Corporations Act requires companies to have their financial reports audited. Academic...

Accounting
Q

Assume you are the president of High Power Corporation. At the end of...

Accounting
Q

Marquis Company estimates that annual manufacturing overhead costs will be $825,000. Estimated annual operating activity...

Accounting
Q

Yles the anta 1 1. \begin{tabular}{|c|} \hline \\ \hline \\ \hline \end{tabular} Therefore, Gurtas wit...

Accounting
Q

Companion Computer Company has been purchasing carrying cases for its portable computers at a delivered...

Accounting
Q

Megamart, a retailer of consumer goods, provides the following information on two of its departments...

Accounting