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I agree with MR FAZLUR RAHMAN
These two type of cost are defined as follows:
Prime Cost: Total cost of acquiring a raw material or semi-finished goods form market for further processing
Conversion cost: Cost of converting a raw material or semi-finished goods to a useful and salable product. The cost of overhead, labor and additional materials are included in conversion cost
i fully agree with the answers been added by experts..........thanks.
Full Agree with answer given by mr. Md. Fazlur Rahman
The three cost categories associated with manufacturing a product.
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