Writing Essays. by Eleanor Wakefield. There are several vital elements to any successful college essay. This handout. will define those elements and show you how to put them together using an. outline. Following this format will help you keep your thoughts organized and. get your essay underway.
A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a relevant cost it must be: 1  Future. 2  Cash Flow.  Incremental.
Prime Costs and Conversion Costs. Prime costs are all the direct costs of a product i.e. those costs that can be traced conveniently to each unit. These include direct materials cost and direct labor cost.Conversion costs are all manufacturing costs other than direct materials cost.These include direct labor costs and manufacturing overheads. The greater the proportion of prime costs in total costs of a product, the more reliable is the cost estimate of the product.rime costs are all the direct costs of a product i.e. those costs that can be traced conveniently to each unit. These include direct materials cost and direct labor cost. Conversion costs are all manufacturing costs other than direct materials cost. These include direct labor costs and manufacturing overheads.