hi..
Cost associated with the acquisition and convertion of material into finished product. State the type of cost.
hi..
Cost associated with the acquisition and convertion of material into finished product. State the type of cost.
Here, acquisition of material means material cost while conversion cost includes labour cost and factory overheads . So, the total of all the costs together is known as factory / production cost.
Factory Cost
Is production cost is the right answer??
Ya , absolutely it is the right answer.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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