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41) In a process costing environment, direct labor and Manufacturing

Question : 41) In a process costing environment, direct labor and Manufacturing : 1876971

41) In a process costing environment, direct labor and Manufacturing Overhead are usually combined into one cost category called "conversion cost."

42) In a mass-production environment, direct labor is usually a relatively small component of the total manufacturing costs.

43) Companies that use automated production processes often condense the three manufacturing costs into two categories: Direct materials and Conversion costs.

44) Companies that use automated production processes often condense the three manufacturing costs into two categories: Direct labor and Conversion costs.

45) Direct materials are often added at a particular point in the production process.

46) The number of equivalent units is usually the same for direct materials and conversion costs.

47) If all direct materials are added at the beginning of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 100%.

48) If all direct materials are added at the beginning of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 50%.

49) If all direct materials are added at the beginning of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 0%.

50) If all direct materials are added at the end of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 100%.

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