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Conversion costs do not include which of these: 1- Depreciation .2- Direct material .3- Indirect labor .4- Indirect material?

Planning IFRS CMA
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تم إضافة السؤال من قبل Ahmed Tharwat , general accountant , Ocean Kitchen Furniture Fix IND.LLC
تاريخ النشر: 2013/08/18
التصويت كمفيد (12) المشاهدات (40) المتابعون (2) الإجابات (18) بلّغ عن السؤال
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Ahmed Tharwat
من قبل Ahmed Tharwat , general accountant , Ocean Kitchen Furniture Fix IND.LLC

Conversion cost equals direct labour plus manufacturing overhead , also the costs of converting raw materials in to finished goods .
The answer is Direct material .

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Option2 - Direct Material is the right answer because conversion cost actually is cost to convert the direct material to the new product or refined one.

Jameel Yousaf
من قبل Jameel Yousaf , Supervisor , Nasir Javaid MAqsood Imran Chartered Accountants

Conversion costs represent the costs of all such activities or resources that have been applied in converting raw materials to finished items.
  Thus Conversion Cost does not include Direct Material

Zeeshan Bhutto
من قبل Zeeshan Bhutto , Business / Financial Analyst - Finance , United Bank Limited

DIrect material is not part of the conversion cost.

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Direcct Material

Omar Gado
من قبل Omar Gado , Senior Financial Accountant , Al-Faisal Holding

Direcct Material

ahmed khalil
من قبل ahmed khalil , accountant , Supermarket

Conversion Cost does not include Direct Material

Omar Shahzad
من قبل Omar Shahzad , Group Chief Accountant , dipndip

Conversion Cost = Direct Labor Cost + Manufacturing Overhead Cost

accountant mido
من قبل accountant mido , senior accountant , arab trade foundation


2- Direct material

Muhammad Nouman Shafique Awan

the answer is2..
as we have to convert the material so conversion cost do not include the cost of material

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