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F2 : what is the difference between 'prime cost' and 'variable production cost'? many thanks :)

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January 24th 2017 AN ACCA USER 230 Points

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Prime costs are costs directly attributed to costs units e.g direct labour and direct material costs but variable production costs are costs that vary as the level of prodiction varies .

January 24th 2017 AN ACCA USER 1,140 Points
Selected February 2nd 2017 AN ACCA USER