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Definition of Production Costs

This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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June 25, 2021 at 11:20 pm #626331
ijeoman
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Would it be correct to define Production Costs as Prime Costs + Production Overheads or does it have to be specifically Direct Materials + Direct Labour + Production Overhead?
June 26, 2021 at 8:52 am #626357
John Moffat
Keymaster
- Topics: 57
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Prime costs plus production overheads is correct 🙂
June 28, 2021 at 1:39 am #626493
ijeoman
Member
- Topics: 19
- Replies: 13
thank you
June 28, 2021 at 6:17 am #626503
John Moffat
Keymaster
- Topics: 57
- Replies: 54499
You are welcome 🙂
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