{"id":47485,"date":"2024-04-15T22:27:26","date_gmt":"2024-04-15T22:27:26","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=47485"},"modified":"2024-04-15T22:27:26","modified_gmt":"2024-04-15T22:27:26","slug":"conversion-cost-is-subtracted-from-direct-manufacturing-labour-cost-is-to-calculate-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/conversion-cost-is-subtracted-from-direct-manufacturing-labour-cost-is-to-calculate-the\/","title":{"rendered":"Conversion cost is subtracted from direct manufacturing labour cost is to calculate the"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;direct overheads&#8221; option2=&#8221;overhead costs&#8221; option3=&#8221;factory overhead&#8221; option4=&#8221;manufacturing overhead cost&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>D. manufacturing overhead cost<\/strong><\/p>\n<p>Manufacturing overhead cost is the cost of production that is not directly attributable to the cost of a specific good or service. It includes costs such as indirect labor, indirect materials, and factory overhead.<\/p>\n<p>Direct manufacturing labor cost is the cost of labor that is directly attributable to the production of a specific good or service. It includes the wages and salaries of workers who are directly involved in the production process, such as machine operators and assemblers.<\/p>\n<p>Conversion cost is the sum of direct manufacturing labor cost and manufacturing overhead cost. It is the total cost of converting raw materials into finished goods.<\/p>\n<p>Therefore, to calculate manufacturing overhead cost, we need to subtract direct manufacturing labor cost from conversion cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;direct overheads&#8221; option2=&#8221;overhead costs&#8221; option3=&#8221;factory overhead&#8221; option4=&#8221;manufacturing overhead cost&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-47485","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conversion cost is subtracted from direct manufacturing labour cost is to calculate the<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/conversion-cost-is-subtracted-from-direct-manufacturing-labour-cost-is-to-calculate-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conversion cost is subtracted from direct manufacturing labour cost is to calculate the\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;direct overheads&#8221; 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