Question: Conversion cost is composed of _ _ _ _ _ _ _ _ _ _ _ _ _ blank. multiple choice 1 direct labor cost

Conversion cost is composed of

_____________

blank. multiple choice

1

direct labor cost and manufacturing overhead costdirect material cost and manufacturing overhead costall costs included in ending inventorymanufacturing overheadKnowledge Check

02

Equivalent units is computed using which of the following formulas? multiple choice

2

Equivalent units

=

Number of completed units x Percentage completionEquivalent units

=

Number of partially completed units x Percentage completionEquivalent units

=

Number of completed units x

(100 % -

Percentage completion

)

Equivalent units

=

Number of partially completed units x

(100 % -

: Percentage completion

)

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