Ask Question
BusinessBusiness
3 May, 18:20

Conversion costs are a. total equivalent units of conversion costs for the period divided by total conversion costs for the period. b. one part of a cost of production report that is prepared to show greater detail, including multiple cost categories. c. total direct materials cost for the period divided by total equivalent units of conversion costs for the period. d. total conversion costs for the period divided by total equivalent units of direct materials cost for the period.

+5
Answers (1)
  1. 3 May, 19:05
    0
    B

    Explanation:

    Conversion costs are those costs incurred in converting raw materials to finished products and includes costs of direct labour (wages and salaries paid to workers who are directly involved in production process).

    Since costs of production comprises of direct material costs, direct labour costs, direct expenses (costs of packaging for instance) and all indirect costs, it would be safe to say costs of conversion is only a part of costs of production
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Conversion costs are a. total equivalent units of conversion costs for the period divided by total conversion costs for the period. b. one ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If you make 100 000 a year how much is that after taxes
Answers (1)
Green Deer Company purchased a tractor at a cost of $220,000. The tractor has an estimated residual value of $20,000 and an estimated life of 8 years, or 12,000 hours of operation.
Answers (1)
Virginia Supply offers their customers trade credit with terms 2/15, net 30. This implies that: Virginia's customers have very little incentive to pay within the discount period.
Answers (1)
Ralph's pretty good grocery has been making an effort to diversify their workforce. new hires are encouraged to learn the organization's norms and values as quickly as possible to ensure job security.
Answers (1)
Wyatt Co. has a probable loss that can only be reasonably estimated within a range of outcomes. No single amount within the range is a better estimate than any other amount. The loss accrual should beA. The maximum of the range. B.
Answers (1)
New Questions in Business
Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.
Answers (1)
In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630.
Answers (1)
The business judgment rule has been replaced by good faith statutes in most states. True or False
Answers (1)
Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.
Answers (1)
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;
Answers (1)
Home » Business » Conversion costs are a. total equivalent units of conversion costs for the period divided by total conversion costs for the period. b.
Sign Up Forgot Password?