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(Querist)
29 September 2014 what is the difference between prime cost and conversion cost?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
29 September 2014 Prime costs are the sum of all direct costs such as direct materials, direct labor and any other direct costs.

Conversion costs are all costs incurred to convert the raw materials to finished products and they equal the sum of direct labor, other direct costs (other than materials) and manufacturing overheads.
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