Which of the Following Is Both a Prime Cost and a Conversion

question 96

Multiple Choice

Which of the following is both a prime cost and a conversion cost?

• A)Manufacturing overhead
• B)Direct materials
• C)Direct labor
• D)Selling expenses

Understand the concept and benefits of case management for patients with severe and persistent mental illness.

Identify and prioritize nursing diagnoses for homeless patients with severe and persistent mental illness.

Recognize common defense mechanisms in patients with inappropriate or illegal behaviors.

Understand the family dynamics and burden experienced due to mental illness.

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Definitions:

Sales

The transactions involving the exchange of goods or services for money.

Accounts Receivable Turnover

A financial metric that measures how many times a business collects its average accounts receivable amount within a period, indicating the efficiency of credit and collections.

Net Sales

The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and any discounts offered.

Allowance Method

An accounting technique used to estimate and account for bad debts, where a portion of receivable accounts is deemed uncollectable.