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katen-ka-za [31]
3 years ago
8

LO 5.2What is the difference between prime costs and conversion costs?

Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

Material cost + Labor cost are called ‘Prime Costs’

Labor cost + Overhead cost are called ‘Conversion Costs’

Explanation:

Prime cost is defined as material cost+Labor cost. All the material costs and labour costs are included in the definition of the prime cost.

Conversion cost is defined as Labor cost+ overhead cost. All the costs related to labor and overhead are included in the definition of Conversion cost.

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Explanation:

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4 years ago
Copa Cabana Corporation is considering the purchase of a new machine costing $30,000. The machine would generate net cash inflow
olga_2 [115]

Answer:

C. 20.00 percent

Explanation:

The computation of the accounting rate of return is shown below:

The formula to compute the accounting rate of return is shown below:

= Annual net income ÷ initial investment

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= $12,000 - $6,000

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3 years ago
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False

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5 0
3 years ago
11-25 The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $4800. During the third
professor190 [17]

Answer:

XYZ Company

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=$960 * 1.626

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3 years ago
A company's ______ can be described as the set of values, ideas, and attributes that is learned and shared among its members
igomit [66]
Culture

I hope this helps (:
3 0
2 years ago
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