MCQ

 (i)   In process, conversion cost means(A)   Cost of direct materials, direct labour, direct expenses(B)   Direct labour, direct expenses, indirect material, indirect labour, indirect expenses(C)   Prime cost-plus factory overheads(D)   All costs up to the product reaching the consumer, less direct material costs (ii)    At the economic ordering quantity level, the following is true:(A)    The ordering cost is minimum(B)    The carrying cost … Read more