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Svetllana [295]
3 years ago
12

Compute conversion costs given the following data: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,70

0 and selling expenses, $42,200. a.$412,000 b.$773,300 c.$578,000 d.$174,500
Business
1 answer:
Radda [10]3 years ago
8 0

Answer:

a. $412,000

Explanation:

Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.

We know,

<em>Conversion costs = Direct Labor + Manufacturing Overhead</em>

Here,

Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)

Given,

Direct labor = $195,300

Manufacturing overhead = Factory overhead = $216,700

Selling expenses will not be included because it is not a direct or indirect overhead expense.

Therefore,

<em>Conversion costs = </em>$195,300 + $216,700

<em>Conversion costs = </em>$412,000

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Answer:

Letter d is correct. <em>Responsiveness.</em>

Explanation:

Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.

To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.

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4 years ago
The purchasing manager, Eve, reports the following information regarding inventory for the the month of March: Beginning invento
adell [148]

Answer:

$490

Explanation:

For computing the amount of shrinkage first we have to find out the ending inventory which is shown below:

= Beginning Inventory + Purchases - Inventory Sold

= $12,000 + $38,000 - $35,210

= $14,790

Now

Actual Ending Inventory = $14,300

So,

Shrinkage amount is = Ending Inventory as per Book Value – Actual Ending Inventory

= $14,790 - $14,300

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5 0
3 years ago
A grade if A is worth ___ grade points
Solnce55 [7]

An ‘A’ is worth 4.0 points

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(edited)

6 0
3 years ago
A business owner makes 50 items by hand in 40 hours. She could have earned $20 an hour working for someone else. Her total expli
pogonyaev

Answer:

- $250

Explanation:

The computation of the economic profit is shown below:

= Total revenues - explicit cost - implicit cost

where,

Total revenues = Explicit revenue × implicit revenue

                         = $15 × 50 items

                          = $750

Explicit cost = $200

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Now put these values to the above formula

So, the value would be equal to

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7 0
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