Ask Question
BusinessBusiness
30 November, 00:15

Conversion costs are a. direct materials and factory overhead b. direct materials and indirect labor c. direct materials and direct labor d. factory overhead and direct labor

+1
Answers (1)
  1. 30 November, 00:36
    0
    d. factory overhead and direct labor

    Explanation:

    The conversion cost is a mix of the direct labor and the factory overhead or the manufacturing overhead

    In mathematically,

    Conversion cost = Direct labor + factory overhead

    It is that cost which includes direct labor cost and manufacturing overhead cost only. It means that it excludes the direct material cost. Like - depreciation, factory rent, factory supplies, etc
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Conversion costs are a. direct materials and factory overhead b. direct materials and indirect labor c. direct materials and direct labor ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How do environmental laws affect business
Answers (1)
A loss is when: A. Revenue is greater than expenses. B. Revenue is less than expenses. C. Revenue is equal to expenses. D. None of the above. pe here to search
Answers (1)
Effective product promotion requires that everyone who creates and manages promotional messages have free access to information about the customer, the product, the competition, the market, and the organization's strategy. TRUE OR FALSE?
Answers (1)
Coolaire is the only firm producing refrigerators. It costs $950 to produce a refrigerator, and Coolaire sells each refrigerator for $1,200.
Answers (1)
Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham Bonds. Using the U. S. tax rate schedule for year 2014, how much federal tax will he owe? A. $15,000.00 B. $12,375.00 C. $10,856.
Answers (1)
New Questions in Business
Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.
Answers (1)
The reason for the Fed being set up as an independent agency of government is to:
Answers (1)
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
Home » Business » Conversion costs are a. direct materials and factory overhead b. direct materials and indirect labor c. direct materials and direct labor d. factory overhead and direct labor
Sign Up Forgot Password?