Conversion Costs Include

question 4

Multiple Choice

Conversion costs include

• A) all materials plus direct labour.
• B) all materials plus variable overhead allocated.
• C) direct labour plus variable and fixed overhead allocated.
• D) direct labour plus fixed overhead allocated.

---

Definitions:

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.

UCC

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.

Actual Knowledge

Direct awareness or understanding of a fact, without needing to infer from other facts.