27.Which one of the following correctly describes conversion cost of a product?

Direct labor + all the indirect manufacturing costs

Direct labor + indirect material + direct other cost

All of these

Indirect labor + all the indirect manufacturing costs

28.A business estimated its minimum consumption of a material as 100 units per week, maximum consumption 200 units: normal lead time 4-6 weeks: and emergency lead time 2-4 weeks. The danger level of stock will be:

700 weeks

600 units

800 units

900 weeks