CONVERSION COSTS Definition

Bookmark and Share

CONVERSION COSTS is Direct Labor + Manufacturing Overhead.

Learn new Accounting Terms

DESIGNATED RECEIPTS is that revenue which is identified for a specific purpose.

DIRECT LABOR is work performed by individuals which is directly related to a specific cost objective. This work is readily identifiable with a particular product or service.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.