Accountant Accounting MCQs FPSC Past Papers

Conversion cost is:

  • Overhead cost + Direct Labour
  • Direct Labour + Material Expense
  • Labour cost + Overhead cost
  • None of These
  • C
  • The Labour cost is the sum of all wages paid to employees, as well as the cost of employees benefits, payroll taxes by an employer.
    Overhead Cost is Advertising Expenses, Insurance, Interest, Rent, Repair & Maintenance, Telephone Bills & etc.

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