Answer: C. 50%
Explanation:
From the above question, If conversion costs are added evenly throughout the production process and the unit have made it 50% of the way through the production process then the percentage completion for conversion costs is 50%
Answer:
e. trialability
Explanation:
Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.
It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.
Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging
Answer:
The generally varies according to variation in production levels.
Explanation:
First, we will determine the overhead efficiency variance:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard Rate
The change that makes a variation in variable overhead is the actual quantity. The actual quantity is based on the allocation base, it can be direct labor hours, direct machine hours, direct labor dollars, etc.
The generally varies according to variation in production levels.