Answer:
Explanation:
Conversion cost is the cost that is required to convert the raw material into a product. It is a mix of direct labor costs and the manufacturing overhead cost. It is also known as production cost which is required to produce the product
In mathematically,
Conversion cost = Direct labor cost + manufacturing overhead cost
It excludes the direct material cost
These two costs are required to convert the raw material into the final product
The examples of conversion cost are indirect labor, repairs and maintenance charges,etc
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Answer:
Tractors are the king among different farm equipment. They are the main workhorse of any modern farm. They provide the power and traction necessary to mechanize agricultural tasks. ... There are different types of tractors in the market, varying in size and capacity.
Explanation:
