Question: Knowledge Check 0 1 Conversion cost is composed of direct labor cost and manufacturing overhead cost direct material cost and manufacturing overhead cost all costs

Knowledge Check 01
Conversion cost is composed of
direct labor cost and manufacturing overhead cost
direct material cost and manufacturing overhead cost
all costs included in ending inventory
manufacturing overhead
Knowledge Check 02
Equivalent units is computed using which of the following formulas?
Equivalent units = Number of completed units Percentage completion
Equivalent units = Number of partially completed units Percentage completion
Equivalent units = Number of completed units - Percentage completion)
Equivalent units = Number of partially completed units Percentage completion
Knowledge Check 01 Conversion cost is composed of direct labor cost

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