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

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Definitions:

Transfer Payments

Payments made by governments to individuals or other entities without the expectation of a direct return or the provision of goods or services, such as social security benefits or subsidies.

Income Distribution

The way in which a nation's total GDP is distributed amongst its population.

Quintiles

Statistical values that divide a set of data into five equal parts, often used in economic and social research to analyze distribution.

Mental Problems

Disorders or issues affecting mental health and well-being, often requiring professional diagnosis and treatment.