Among the following which is common in prime cost amp conversion cost ........

Costing - Phase (I & II) Methods of Costing

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Among the following which is common in prime cost & conversion cost-

Direct expenses

Indirect expenses

Fixed overheads

Direct labour

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Explanation:

Conversion cost is the cost incurred to convert the raw material into finished goods. Under such costs direct labour, indirect labour, indirect material & indirect overheads are included. Prime cost includes direct material, direct labour & direct overhead. So, the common element is direct labour