Conversion Cost Law and Legal Definition
Conversion cost is a term that is utilized in more than one financial application. The term can refer to total cost of production and labor costs associated with manufacturing a product. i.e. conversion costs is direct labor + manufacturing overhead. The term may also be used to denote direct and indirect expenditure incurred in converting a currency, material, or security from one form or type into another.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Absorption Costing
- Accelerated Cost Recovery System
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Activity-Based Costing
- Actuarial Cost Assumptions
- Actuarial Cost Method
- Administrative Cost of Issuing a Loan Guarantee
- Administrative Settlement Costs
