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To cover the majority of the costs of conversion and to make a small profit.

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13y ago

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Banks make money orders by charging a fee to customers who want to purchase them. This fee covers the cost of processing the money order and provides a profit for the bank.


Is the cost of direct materials classified as a conversion cost?

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Example of imputed cost?

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The one cost that would be classified as part of both prime cost and conversion cost would be:


The one cost that would be classified as part of both prime cost and conversion cost would be?

The one cost that would be classified as part of both prime cost and conversion cost


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Indirect cost are those costs which are not directly allocated to product units as well as not directly identifiable that's why these are part of overhead cost and overhead cost is part of conversion cost.


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