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2. Conversion cost is the total of a. Material, Labour and Manufacturing overhead b. Material and Labour Cost. Labour and Manufacturing overhead d. Labour and

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2. Conversion cost is the total of a. Material, Labour and Manufacturing overhead b. Material and Labour Cost. Labour and Manufacturing overhead d. Labour and all overhead C. 3. Fixed cost is that cost which a. Changes with the volume b. Remains same within a capacity C. Changes as a proportion to sales d. Remains same per unit of output

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