Answer:
Conversion costs= $488,000
Explanation:
Giving the following information:
depreciation expense - factory building, $133,000
direct labor, $250,000
factory utilities, $105,000
<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>
<u></u>
Manufacturing overhead= 133,000 + 105,000= 238,000
Direct labor= 250,000
Conversion costs= $488,000
Answer:C. Web conferencing
Explanation: Web conferencing is an online internet service used by team members of an organisation who are located in different locations to facilitate their meetings,in web conferencing all members connect either through their phones or their computers or other smart devices through TCP/IP connections, and microphone through a VoIP connection.
conferencing,presentations and trainings and team meetings etc can be conducted though the internet.
Answer:
Answer is a) debit, actual
Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead
Explanation:
Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes
Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.
<em>The Manufacturing Overhead Account will have the following entries:</em>
Transfer to work in Progress figure - credit (with applied overheads)
Bank - debit (actual overhead)
Balancing figure or shortfall - debit (over-applied)
If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced deflation of 3.33 percent.
Price index, a measure of relative charge adjustments, such as a sequence of numbers organized in order that contrast between the values for any durations or places will show the common exchange in costs among durations or the common distinction in charges between places.
The price index commonly picks a base year and makes that index value identical to a hundred. every different 12 months is expressed as a percentage of that base yr. In this example, allow 2000 to be the base yr: 2000: unique index price became $2.50; $2.50/$2.50 = one hundred%, so the new index price is a hundred.
In most international locations charge indexes are used to measure inflation, every focusing on the charges of a collection of goods and services critical to a selected segment of the financial system.
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As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.