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

Knowledge Check Question 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 Question 02:
Equivalent units is computed using which of the foilowing 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
Knowledge Check Question 0 1 : Conversion cost is

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