Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

The combined costs of direct labor and factory overhead per equivalent unit used by many businesses with process operations is called:

Sagot :

The combined costs of direct labor and factory overhead per equivalent unit used by many businesses with process operations are called Conversion costs per equivalent unit.

Conversion costs per equivalent unit.

  • The sum of the conversion costs for the initial work-in-progress inventory, the conversion costs transferred in, and the total conversion costs incurred during the period equal the cost per equivalent unit for conversion expenses.
  • Units in ending inventory and units that are moved to the following department are valued using the costs per equivalent unit.
  • Direct labor and production overheads make up the two primary parts of conversion expenses.
  • Wages, rent, depreciation on machinery and equipment, plant insurance, plant utilities, plant expansion, supervision, plant repairs, plant security, and maintenance are a few examples of charges that may be considered conversion costs.

To learn more about Conversion costs per equivalent unit refer to:

https://brainly.com/question/14882264

#SPJ4

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.