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Anika [276]
2 years ago
15

Conversion costs are generally added evenly throughout the process. a) true b) false

Business
1 answer:
kotykmax [81]2 years ago
6 0

The given statement is True.

Conversion costs are usually incurred evenly throughout a process. Both job order and process cost accounting use equivalent units of production to determine costs

<h3><u>Accounting for Direct Materials and Conversion Costs</u></h3>

In both costing methods, direct materials and conversion costs:

Direct materials might well be added in equal amounts at the start of the production process or used up gradually over time. Whereas, conversion costs will be spread out equally during the course of manufacturing.

To read more about direct materials and conversion costs, refer to:

brainly.com/question/15227690

#SPJ4

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Which statement applies to the commodities exchange?
svetlana [45]

Answer:try D

Explanation:

3 0
3 years ago
g The international Fisher effect: Group of answer choices is an example of absolute PPP focuses on changes over time in the rel
blsea [12.9K]

The international Fisher effect is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries.

<h3>What does the Fisher effect show?</h3>

It shows that the nominal rate of interest in a nation usually follows the inflation rate because an inflation-adjusted rate needs to be formed.

This then leads to a change in exchange rates between countries because the difference in nominal rates shows the difference in inflation which is what devalues or appreciates a currency.

Find out more on the fisher effect at brainly.com/question/16036767.

#SPJ1

7 0
2 years ago
Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
2 years ago
How does the type of product you’re considering affect your conclusions in the questions above: specifically, does it matter if
soldier1979 [14.2K]

Answer:

the type of product affects the buying conclusions that a person makes

3 0
3 years ago
The purpose of determining the critical path on a pert network is to: identify the sequence of tasks that takes the longest to c
natita [175]

Answer:

Identify the sequence of tasks that take the longest to complete

Explanation:

Program Evaluation and Review Technique (PERT) is a project management tool that is used to manage potential contingencies in the process of executing a project. It is used to schedule ,organize and coordinate tasks in a project.

Determining the critical path on a PERT network lists out the time required for different tasks to be completed and as a result , the sequence of tasks that require the longest time are identified.

3 0
3 years ago
Read 2 more answers
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