hi..
Cost associated with the acquisition and convertion of material into finished product. State the type of cost.
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Which type of cost?
Replies (5)
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
Cost associated with the acquisition and convertion of material into finished product is FACTORY COST
Is production cost is the right answer??
Ya , absolutely it is the right answer.
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