CONVERSION COSTS Definition

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CONVERSION COSTS is Direct Labor + Manufacturing Overhead.

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PERIODIC VALUATION allows for the determination on future dates the value of assets, portfolios, etc. with the idea of setting a new standard cost or value to those assets. Such revaluations, up or down, are then posted as the new standard cost or value. See REVALUATION.

OPERATING LEVERAGE is fixed operating costs divided by total (fixed plus variable) operating costs.

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