All categories

2 years ago

The costs of direct materials, direct labor, and overhead for partially completed products are known as:

1 answer:

8 0

The costs of direct materials, direct labor, and overhead for partially completed products are known as total manufacturing costs.

Direct material costs are the costs of raw materials and parts used to manufacture products. The materials must be clearly identifiable in the resulting product (otherwise they are considered community costs). Direct material costs are one of the few variable costs associated with the production process.

Therefore, it is used to derive the throughput from the production process. The throughput is the revenue minus all fully variable costs. Examples of direct materials include wood used to build houses, automobile steel, radio circuit boards, and fabrics used to assemble garments.

learn more about manufacturing costs here: brainly.com/question/8873972

#SPJ1

You might be interested in

The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling p

Zanzabum

Answer:

The number of units that must be sold is A. 6,540 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

Contribution margin per unit = Sales price per unit – Variable cost per unit = $154 - $99 = $55

The number of units must be sold = ($313,500 + $46,200)/$55 = 6,540 units

7 0

3 years ago

The arguments for restricting trade Suppose there is a policy debate regarding the United States’ imposing trade restrictions on

Ilya [14]

Answer:

Infant-industry argument

Explanation:

Infant-industry argument says that a particular industry can't compete with other international competitors because of the economies of scale. So, they demand a temporary protection until they gain economies of scale to be ready to compete on a level playing field.

Note: This can also come in the category of 'unfair competition' argument as huge economies of scales of well established companies create an unfair environment for nascent industries to compete on a same level.

7 0

3 years ago

Refer to the data for Pennewell Publishing Inc. (PP). Assume that PP is considering changing from its original capital structure

Mnenie [13.5K]

Answer:

$57.69 per share

Explanation:

The computation of the stock price per share immediately after issuing the debt but prior to the repurchase is shown below

Price per share = Value of equity ÷ number of Shares

where,

Value of equity is

= Value of operations + T-bills value - Debt value

= $576,923 + $259,615 - $259,615

= $576,923

And, the number of shares is 10,000 shares

So, the price per share is

= $576,923 ÷ 10,000 shares

= $57.69 per share

We simply applied the above formula

6 0

3 years ago

Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand

kotykmax [81]

Answer:

The correct answer is a. more elastic demands.

Explanation:

There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.

The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.

The factors that influence the demand for a good to be more or less elastic are:

1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.

2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.

4 0

3 years ago

uses the weighted-average method in its process costing system. In their first processing department, the company worked on 1,05

zzz [600]

Answer:

The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.

Explanation:

First Calculate the Physical units in Ending Work in Process Inventory.

Physical units in Ending Work in Process Inventory = Beginning Work in Process inventory + Started Units - Units Completed and transferred out

Thus, Ending Work in Process Inventory = 230 + 1,345 - 700

= 875

Then, Calculate the Equivalent Units of Ending Work in Process Inventory.

Total equivalent units of production - conversion costs 1,050

Less Units Completed and transferred out (700)

Equivalent Units of Ending Work in Process Inventory 350

Finally Calculate the % of completion of the ending inventory in work-in-process with respect to conversion cost

The % of completion = Equivalent units of Ending Work in Process Inventory/ Physical units in Ending Work in Process Inventory × 100

= 350 / 875 × 100

= 40%

3 0

3 years ago