'Conversion Costs' Include

question 9

Multiple Choice

'Conversion costs' include:

• A)only direct materials.
• B)direct materials and direct manufacturing labour costs.
• C)direct manufacturing labour and manufacturing overhead costs.
• D)direct materials and manufacturing overhead costs.

---

Definitions:

In-house Methods

Techniques or processes that are conducted within an organization by its own staff rather than being outsourced to external entities.

Compensation Data

Information regarding the range of pay rates, salaries, and benefits offered to employees in various positions within an industry.

Labour Exceeds

This phrase might refer to situations where the available workforce or effort put into a task surpasses what is necessary or expected, potentially leading to inefficiencies.

Informal Surveys

Non-structured methods of gathering data or feedback, often used for quick or preliminary assessments.