Answer:
Conversion costs: c.$390,500
Explanation:
Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.
Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost
With direct labor cost of $196,500; factory overhead cost of $194,000.
Conversion Costs = $196,500 + $194,000 = $390,500
Answer:
d. change in total revenue per one unit change in quantity sold.
Explanation:
A monopolist marginal revenue is change in total revenue per one unit change in quantity sold.
Average revenue is total revenue divided by quantity sold.
A monopolist is a firm that only exists in an industry.
I hope my answer helps you.
Answer:
The correct answer is: Chase strategy.
Explanation:
The chase strategy is a production planning approach that consists in producing according to the demand level of the market. Industries implementing this practice work based on orders. <em>As soon as they receive an order they start processing the goods and once the production is over, the operations stop.</em>
<em>This strategy is helpful while saving inventory costs and is mostly used by perishables industries that cannot afford the risk of loss or unsold products.</em>
Answer:
Julie’s can deduct $2,000 in 2020
Explanation:
In 2020 rents for only two months November 2020 and December 2020 are accrued
First calculate the monthly rent
Monthly rent = Rent paid / Month for which rent paid = $24,000 / 24 months = $1,000 per months
Now calculate the rent deduction to be made by Julie in 2020
Rent deduction 2020 = Numbers of months accrued in 2020 x Monthly rent = 2 months x $1,000 per month = $2,000
Answer:
15.79%
Explanation:
Current Average operating asset = $500,000
Decrease in asset base will make average operating asset $380,000 [500000 - 120000]
ROI = Operating Income / New operating asset base
=$60,000 / $380,000
= 15.78947...% = 15.79%
Hence, the correct answer is 15.79%
