Lo 4.1which of the following is a prime cost?

indirect materials
direct labor
administrative expenses
factory depreciation expenses

option B                  

Explanation:

Prime costs refers to the expenses of a company directly linked to the labor and materials used during manufacturing. This relates to the expense of a product made, which is measured to provide a business with the highest profit margin.

A prime cost is really the cumulative direct costs of producing a commodity for sale, which can be constant or adjustable. Companies utilize prime costs as more of a method of measuring the overall cost of the development materials required to create a specific output.

Thus, from the above we can conclude that the correct option is B .

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know