Question 1 question tco 1 which of the following

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Question 1. Question : (TCO 1) Which of the following types of costs are conversion costs? Student Answer: Direct materials and direct labor Direct materials and overhead Direct labor and overhead Direct materials, direct labor, and overhead
Instructor Explanation: Conversion costs are normally defined as direct labor and overhead. Points Received: 7 of 7 Comments: Question 2. Question : (TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating:
Points Received: 7 of 7 Comments: Question 3. Question : (TCO 3) Kerner Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31:
6 Units Direc t Labor Work-in-process inventory, January 1 100 $50,000 Started during the quarter 500 Completed during the quarter 400 Work-in-process inventory, March 31 200 Costs added during the quarter $720,000 Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-process inventory was 75% complete for direct labor costs. What is the equivalent unit of production using the weighted-average unit cost inventory valuation method?
Points Received: 7 of 7 Comments:

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