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In cost terminology, conversion costs consist of

<p><em><strong>A. Direct and indirect labor. </strong></em></p> <p><em><strong>B. Direct labor and direct materials. </strong></em></p> <p><em><strong>C. Direct labor and factory overhead.</strong></em></p> <p><em><strong>D. Indirect labor and variable factory overhead.</strong></em></p>

Accounting Auditing Cost Accounting Financial Accounting managerial accounting
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Question added by Deleted user
Date Posted: 2015/01/09
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AZHAR NAWAZ
by AZHAR NAWAZ , Assistant Manager Accounts , Quantum Geoservices (Pvt) Ltd

C

Aamir Ashraf
by Aamir Ashraf , AM Accounts & Taxation , SKINCARE COMPANY

Option C is the correct Answer.

ADITYA SHARMA
by ADITYA SHARMA , Manager , DELOITTE AND TOUCHE

 option c is  i.e. Direct Labor and factory overheads

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

C)

Conversion costs include direct labor and factory overhead. Because indirect labor is included in factory overhead, indirect labor is a conversion cost.

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

(C) Direct labor and factory overheads.

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