2. Direct Labor Costs + Manufacturing Overhead: a. Conversion Cost b. Prime Cost c. Manufacturing Overhead...
2. Direct Labor Costs + Manufacturing Overhead:
a. Conversion Cost
b. Prime Cost
c. Manufacturing Overhead
d. Work in Process
Homework Answers
Correct option is a. Conversion cost.
Explanation:
Conversion cost = Direct labor and manufacturing overhead. It is used for converting raw material into finished goods.
Hence, when we add Direct labor cost and manufacturing overhead cost then we get conversion cost.
Add Answer to:
2. Direct Labor Costs + Manufacturing Overhead:
a. Conversion Cost
b. Prime Cost
c. Manufacturing Overhead...
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2.Which of the following costs is both a prime cost and a conversion cost? direct materials...
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