Answer:
The relevant costs to go into this schedule of cost of contract services performed will be those that are directly related to contract work.
Administrative costs are not to be included in the schedule but will instead go to the Income statement.
Answer:
c. $10.
Explanation:
Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectly inelastic and the supply curve is upward-sloping, the monthly price for <u>cell phone service will increase by $10.</u>
As given, the government imposes a $10 per month tax on cell phone service, which means the price of cell phone services will be costlier and increases, however, the demand curve for cell phone service is perfectly inelastic, which mean price of the product does not have any impact on the demand of the product. Then it is given the supply curve is upward sloping, which reflects the higher price of cell phone service is needed to cover the higher marginal cost of production. Therefore, the monthly price for cell phone service will increase by $10.
Answer:
d.factory overhead and direct labor
Explanation:
The conversion cost is a mix of the direct labor and the factory overhead or the manufacturing overhead
In mathematically,
Conversion cost = Direct labor + factory overhead
It is that cost which includes direct labor cost and manufacturing overhead cost only. It means that it excludes the direct material cost. Like - depreciation, factory rent, factory supplies, etc
The correct answer to this open question is the following.
Although there are no options attached, we can comment on the following,
The dimensions of the company that are being used to arrive at that conclusion are the dimension of Marketing and the dimension of Strategy. The other two dimensions, Operations and Finances, are important two but are not really considered in the statement.
So it is positive that the Meduri fruit company is using a form of evaluation to find its place in the market and discover new opportunities that are being missed by some "corporative blindness." The brand asset valuator tool from Young & Rubicam is a recommended tool to find new things about your brand and see future possibilities, opportunities, and challenges. After finding its results, Meduri has to develop a marketing and brand strategy to fulfill those potentials and to reposition the brand in the mind of consumers.
