Requirement 1;
Introduction: Conversion cost refers to the costs which are required to conversion of raw materials into finished goods. In other words, we can say that total amount of direct labor and manufacturing overheads which are required to turn raw materials into a finished product are known as conversion cost.
To calculate: Conversion costs in the filtration department.
Requirement 2;
Introduction: Cost per unit refers to the unit cost of manufacturing any product. In other words we can say when we divide overall
To calculate: Filtration cost per liter.
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