Asked by
raghad alfattani
on Nov 13, 2024Verified
Baker's wages
A) Prime costs
B) Conversion costs
C) Both prime and conversion costs
D) Neither prime nor conversion costs
Baker's Wages
Baker's wages refer to the compensation paid to bakery workers or bakers for their labor and expertise in producing baked goods.
Prime Costs
The direct costs of manufacturing a product, which include direct materials and direct labor.
Conversion Costs
The costs incurred when converting raw materials into finished products, typically including direct labor and manufacturing overhead.
- Distinguish between prime costs and conversion costs as components of total cost.
Verified Answer
BT
Learning Objectives
- Distinguish between prime costs and conversion costs as components of total cost.