What would conversion costs if costs of raw materials, direct labor costs, and manufacturing overhead costs Rs. 80,000, Rs. 50,000 and Rs. 60,000, respectively?
Answer: Rs. 110,000
Explanation
- Direct Labor Cost = Rs. 50,000
- Manufacturing Overhead Cost = Rs. 60,000
- Conversion Cost = 50,000 + 60,000 = Rs. 110,000
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