In cost terms, direct labor cost is included in A. Manufacturing costs B. Prime costs C. Conversion costs D. B and C E. A, B and C

Prime cost consists of: Select one: O A. Direct labour B. O C. Factory overheads O D. a) and c) above Direct materials and direct labour

Prime cost is? A)Group of answer choices B)indirect materials cost and direct labor cost. C)direct materials cost and direct labor cost. D)direct labor cost and indirect labor cost. E)direct materials cost and indirect labor cost.

Which of the following summarizes the weighted average cost flow assumption? Weighted average assumes that costs flow in the reverse order incurred. O Weighted average assumes that cost flow is allocated by the physical weight of items purchased. O Weighted average assumes that costs flow at an average of the costs available. O Weighted average assumes that costs flow in the order incurred.

Explain how a cost item can be both a direct cost and an indirect cost.

explain the concept of equivalent units in cost accounting

A cost objective is: Select one: O A. Confined to direct costs O B. The purpose for which costs are accumulated O C. Relevant only to the manufacturing situation O D. All of the above

The three major cost components of manufacturing a product are,

What are conversion costs?  A)  A fixed cost. per unit.  B) Raw Material and Direct Labor.  C) Raw Material and Variable Cost.  D) Direct Labor & Manufacturing overhead.