hi..
Cost associated with the acquisition and convertion of material into finished product. State the type of cost.
Neeta Kishorbhai Jethmalani
(Article assistant)
(53 Points)
Replied 14 June 2012
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.
Darshan Thakkar
(Article Student)
(100 Points)
Replied 14 June 2012
Neeta Kishorbhai Jethmalani
(Article assistant)
(53 Points)
Replied 18 June 2012
Ya , absolutely it is the right answer.
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