Tco 1 which of the following types of costs are

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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 laborDirect materials and overheadDirect labor and overheadDirect materials, direct labor, and overheadInstructor Explanation:Conversion costs are normally defined as direct labor and overhead.
Points Received:7 of 7Comments:Question 2.Question :(TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating:
Points Received:7 of 7Comments: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:
6UnitsDirect LaborWork-in-process inventory, January 1 100 $50,000Started during the quarter 500Completed during the quarter 400Work-in-process inventory, March 31 200Costs added during the quarter $720,000Beginning 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 7Comments:

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