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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Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c)...
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Select the correct definition for the following costs. Direct material costs Direct manufacturing-labor costs Manufacturing overhead...
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Conversion costs consist of a. direct materials costs and direct labor costs. b. direct labor costs...
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20. Costs other than direct materials cost and direct labor cost incurred in the manufacturing process...
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Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct Labor & period costs Units Use the following to answer questions # 2.3.4 The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted average method in its process costing system. Labor and Overhead Percent Completed Work...
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