Which of the following represents the combined sum of direct labor and manufacturing overhead?
A)Conversion costs
B)Period costs
C)Prime costs
D)Fixed costs

Question

Quizplus · Accepted Answer

Conversion costs represent the combined sum of direct labor and manufacturing overhead. Prime costs refer to the sum of direct materials and direct labor. Period costs are expenses that are not related to the manufacturing process, such as selling and administrative expenses. Fixed costs refer to expenses that remain constant regardless of changes in production levels.

Which of the Following Represents the Combined Sum of Direct