1. Indirect material cost is a Conversion cost Prime cost a. No No b. No Yes c. Yes Yes d. Yes No Prime cost 2. Direct labor cost is a Conversion cost a. No No b. No Yes c. Yes Yes d. Yes No 3. Indirect labor is a a. Prime cost. b. Conversion cost. c. Period cost. d. Non-manufacturing cost. 4. In a job cost system, manufacturing overhead is An indirect cost of jobs A necessary element of production a. No Yes b. No No C. Yes Yes d. Yes No 5. Prime cost and conversion cost share what common element of total cost? a. Variable overhead. b. Fixed overhead. C. Direct materials. d. Direct labor