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Conversion cost is total of: Options Direct material and direct wages Direct material, direct wages, and production overheads Direct wages and production overheads. None of the above

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Q: Total costs less conversion costs equal to material costs?
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What do you call when total revenues equal total costs?

Breakeven.


When the economic best is achieved when total benefits of an activity are equal to total costs?

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What does a total costs equal?

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When total costs and total revenues are equal, the business organization is said to be breaking even.


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Is net earnings equal to net income?

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Does prime cost plus conversion cost equal the cost of manufacturing?

Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost


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