Conversion cost is defined as the sum of direct labor costs and manufacturing overhead costs. It is the manufacturing cost needed to convert raw materials to a product. From the information given above, the conversion cost is the summation of direct material costs, direct labor costs and factory overhead costs.
$3000,000 + 7,000,000 + 5,000,000 = 15,000,000
Therefore, the conversion cost is $15,000,000.
Answer:
$1,600
Explanation:
Best deals incorporation has a total of 10 units in the ending merchandise inventory on December 31
The units were bought in the month of November at a price of $160 for each unit
The replacement cost of the item is $162
Inventory is always recorded when the cost is low
Therefore, the amount that is to be reported as the merchandise inventory can be calculated as follows
=10 units × $160
= $1,600
Hence the amount reported as the merchandise inventory on the balance sheet is $1,600
An effective team would never have Unclear definitions of goals.
Option C is correct answer.
Unclear definitions of goals :
Unclear goals are part of the communication problem that continues to plague many workplaces, and were also cited as the number one cause of stress for tech workers in an earlier Comparably study. Employees who don't know what's expected of them can't perform their best work.
What happens when goals are unclear?
A lack of direction and unclear goals are among the largest reasons why projects fail. While it may be impossible to predict every outcome, taking time early on to define and communicate objectives and goals can radically increase the chance your team successfully completes a project.
Learn more about Unclear definitions of goals :
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Answer:
Global product division Structure
Explanation:
A global product division structure is a form of structure that encompass the functions important to each goods or services a product/service division produce. It is the situation whereby domestic divisions are allowed to take global responsibility for product groups. The product lines from around the world are managed from home country based product division. They are part of a global organizational structure when the basic division of the firm's activities is based on product/service categories.
Answer:
A. The Equity Investment account balance will equal 30% of investee's stockholders' equity at date of acquisition, plus the unamortized cost of the patent.
