1)What do you mean by prime cost 2)What is customer life cycle 3) Fixed and variable Overheads

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Accepted Answer

1) Prime cost is the direct cost of production, including raw materials and labor. 2) Customer life cycle is the stages a customer goes through in their relationship with a company. 3) Fixed overheads are costs that do not change with production levels, while variable overheads vary with production.

Prime cost includes direct costs like raw materials and labor
Customer life cycle includes stages like awareness, consideration, purchase, and loyalty
Fixed overheads are costs like rent and insurance that do not change with production levels
Variable overheads are costs like utilities and maintenance that vary with production levels

1)What do you mean by prime cost 2)What is customer life cycle 3) Fixed and variable Overheads

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