O(t) and C) QUESTION 6 An equivalent unit of material or conversion cost is equal to: O The amount of material conversion cost necessary to complete one unit of production OA unit of work-in-process inventory. The amount of material or conversion cost necessary to start a unit of production into work in process inventory. Fifty percent of material or conversion cost of a unit to finished goods inventory QUESTION 7 The variable overhead spending variance is most effective in measuring: Ohow well overhead spending matches the targets set in the original budget at the beginning of the year. O the efficiency with which the activity base was utilized in production. the excessive use of overhead resources. O the utilization of plant facilities. Click Save and Submit to save and submit. Click Save All Answers to save all answers