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Which of the following costs are considered conversion costs? Check all that apply Group of answer...

Which of the following costs are considered conversion costs? Check all that apply

Group of answer choices

Direct labor

Factory overhead

Direct material

Selling expenses

Business   Accounting   
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Answer #1
Answer:
Conversion Costs are nothing but the Cost of Converting Raw materials to the Finished stage or Converting a material from one stage of Production to the Other. These include Direct Labor, Direct Expenses and Production Overheads. It excludes the Materials and Component Cost other than the cost resulting from variations in Direct Materials Weight or Volume.
From the given set, Direct Labor and Factory Overhead are the Conversion Costs.
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