Answer:
$154,000
Explanation:
Calculation to determine the total conversion cost
Using this formula
Total conversion cost=Direct labor cost incurred
+Applied factory overhead
Let plug in the formula
Total conversion cost =$109,800+$44,200
Total conversion cost=$154,000
Therefore Total conversion cost is $154,000
When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.
<h3>What is a skimming price strategy?</h3>
This refers to when companies sell goods at a high price because there isn't much competition.
As other suppliers enter the market and the competition increases, the companies will then reduce their prices.
Find out more on skimming prices at brainly.com/question/14228569
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Answer:
1. D
2. A
3. C
4. B
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Standard price: the expected price
2. Actual quantity: the input used to manufacture the quantity of output
3. Actual price: the amount paid to acquire input
4. Standard quantity: the expected input for the quantity of output
Answer:
$50,258.
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the deposit amount at the end of 15 years by using following formula:-
Deposit Amount per year(PMT) = $2,000
Interest rate = 7% = 0.07
Deposit year (n) = 15 years
Future value(FVIFA) = PMT × [{(1 + interest rate)^number of years - 1} ÷ interest rate]
= $2,000 × [{(1 + 0.07)^15 - 1} ÷ 0.07]
= $2,000 × [{2.7590315 - 1} ÷ 0.07]
= $2,000 × [1.7590315/0.07]
= $2,000 × 25.129022
= $50,258
According to the analysis total deposit at the end of the year is $50,258.
Answer:
Intranet is the answer of this question.
