Answer:
b. direct labor and factory overhead
Explanation:
The conversion cost is that convert which is used to convert the raw material to the finished goods inventory. It is a combination of the direct labor cost and the factory overhead or manufacture overhead cost.
It can be fixed or variable marinating costs only. It does not include direct material cost
It is computed by taking a difference of production cost and raw material cost
Hence option b is correct
Answer:
The home must sell for $616,500 to be able to settle all costs
Explanation:
The net to the formula can be used to ascertain the price of the property , the formula is given below:
Net amount=Sales price*(100%-commission rate)
The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000
Net amount =$75000+$450000+$36000
=$561000
commission rate is 9%
$561000=sales price*(100-9%)
$561000=sales price*91%
sales price =$561000/91%
=616483.52
But to the nearest $100 is $616500
The correct answer is choice D.
The Stockholders’ Equity section of the balance sheet includes stock, paid-iin capital and retained earnings.
Answer:
The price of the product is $59
Explanation:
Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below
Contribution margin ratio = Contribution margin per unit / Selling price per unit
23% = $13.57 / Selling price per unit
Selling price per unit = $13.57 / 23% = $59
