________________ are considered conversion costs.
举一反三
- Opportunity costs should be considered in the project even if they are not out-of-pocket costs. ( )
- Private solutions may not be possible due to the costs of negotiating and enforcing these solutions. Such costs are called A: transaction costs. B: corrective costs. C: input costs. D: private costs.
- Productcosts include direct labor and conversion costs.
- A firm that shuts down temporarily has to pay A: its variable costs but not its fixed costs. B: its fixed costs but not its variable costs. C: both its variable costs and its fixed costs. D: neither its variable costs nor its fixed costs.
- With regard to the Work-In-Process Inventory on September 30, materials are 100 percent complete and conversion costs are 50 percent complete. The equivalent units for conversion costs are ________.