(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 … Continue reading mcq group 1 COST ACCOUNTING
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