Direct labour costs plus manufacturing overhead costs equal

Name: Direct labour costs plus manufacturing overhead costs equal
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Direct labour costs and manufacturing overhead costs are the costs that are involved in the production process and are necessary to convert raw materials into finished goods. These costs are known as conversion costs, as they are the costs required to convert raw materials into finished goods. Therefore, the correct answer is D) conversion costs.

Direct Labour Costs Plus Manufacturing Overhead Costs Equal