In Calculating Unit Cost in a Process Costing System, "Conversion

question 31

Multiple Choice

In calculating unit cost in a process costing system, "conversion cost" is defined as the sum of:

• A)Direct and indirect material costs.
• B)Direct and indirect labor costs.
• C)Direct labor and factory overhead costs.
• D)Indirect labor and factory overhead costs.
• E)Indirect material and factory overhead costs.