conversioncost

English-Chinese Dictionary Entry: Conversion Cost

Definition

The term "conversion cost" refers to the costs incurred to convert raw materials into finished products. This includes direct labor costs and manufacturing overhead costs, excluding the cost of raw materials.

Word Analysis

• Conversion Cost can be considered primarily as a noun, referring to the specific costs involved in the manufacturing process.

• There are no widely recognized adjectival forms of "conversion cost" that differ significantly in meaning.

Word Expansion

• Manufacturing Overhead - the indirect costs associated with production.

• Direct Labor - the labor cost directly tied to the production of goods.

Synonyms

• Production Cost

• Manufacturing Cost

Antonyms

• Raw Material Cost

Usage in Collins Dictionary

Collins Dictionary defines "conversion cost" as costs associated with the transformation of raw materials into finished goods, specifically highlighting labor and overhead expenses.

Usage in Oxford Dictionary

Oxford Dictionary emphasizes the importance of conversion costs in determining the overall expenses of manufacturing, providing a framework for understanding production efficiency.

Example Sentences

• The conversion costs of the new factory are expected to be lower than the previous one.

  新工厂的转换成本预计将低于之前的工厂。

• Understanding conversion costs is crucial for effective budgeting.

  理解转换成本对有效预算至关重要。

• We need to analyze our conversion costs to improve profit margins.

  我们需要分析我们的转换成本以提高利润率。

• Higher conversion costs can lead to reduced competitiveness in the market.

  较高的转换成本可能导致市场竞争力下降。

• By reducing conversion costs, we can allocate resources more effectively.

  通过降低转换成本，我们可以更有效地分配资源。

• The company implemented new strategies to cut conversion costs.

  公司实施了新策略以削减转换成本。

• Accurate tracking of conversion costs is essential for financial reporting.

  准确跟踪转换成本对财务报告至关重要。

• Investing in technology can significantly lower conversion costs.

  投资技术可以显著降低转换成本。

• The finance team evaluated the impact of conversion costs on overall profitability.

  财务团队评估了转换成本对整体盈利能力的影响。

• Reducing conversion costs without sacrificing quality is a major challenge.

  在不牺牲质量的情况下降低转换成本是一个重大挑战。

• They conducted a workshop on managing conversion costs efficiently.

  他们举办了一次关于有效管理转换成本的研讨会。

• The audit revealed discrepancies in conversion costs across departments.

  审计显示各部门的转换成本存在差异。

• Effective management of conversion costs can enhance a company's profitability.

  有效管理转换成本可以提高公司的盈利能力。

• They used a software tool to analyze conversion costs systematically.

  他们使用软件工具系统地分析转换成本。

• Consideration of conversion costs is vital during the budgeting process.

  在预算过程中考虑转换成本至关重要。

• Training employees on reducing conversion costs can lead to better outcomes.

  对员工进行关于降低转换成本的培训可以带来更好的结果。

• The rise in conversion costs has affected the pricing of finished goods.

  转换成本的上升影响了成品的定价。

• Investors are concerned about the increasing conversion costs reported by the company.

  投资者对公司报告的日益增加的转换成本表示担忧。

• The CEO emphasized the need to control conversion costs to remain competitive.

  首席执行官强调了控制转换成本以保持竞争力的必要性。

• They are developing strategies to optimize conversion costs in their production line.

  他们正在制定策略以优化生产线上的转换成本。