1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katena32 [7]
3 years ago
13

Are the costs of transforming direct materials into finished goods.

Business
1 answer:
Gnoma [55]3 years ago
5 0
<span>Conversion Cost
   You can call this the cost of changing the goods into buyable items . These costs are the blend of direct work costs in addition to assembling overhead expenses. You can consider conversion costs as the assembling or generation costs important to change over crude materials into items. Communicated another way, conversion costs are a maker's item or generation costs other than the expenses of crude materials.</span>
You might be interested in
For your business to be successful you will need a strategy for beating the competition, that is, a ________.
Natali5045456 [20]
The answer is the letter "B" Competitive Advantage.
5 0
3 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours a
Andrej [43]

Answer and Explanation:

The preparation of the cost of goods sold budget is presented below:

Direct material ($12 × 20,000 chairs) $240,000

Direct labor ($16 × 1.9 × 20,000 chairs) $608,000

Variable overhead rate ($1.20 × 1.9 × 20,000 chairs) $45,600

Fixed overhead rate ($1.30 × 1.9 × 20,000 chairs) $49,400

Cost of goods manufactured $943,000

Add: opening inventory $0

Less: ending inventory (610 chairs × ($12 + ($16 × 1.9) + ($1.20 × 1.9) + ($1.30 × 1.9) -$41,278.70

Cost of goods sold $901,721.3

5 0
3 years ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

Explanation

It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.  

4 0
4 years ago
Read 2 more answers
Which loan type requires you to make loan payments while you’re attending school?
suter [353]
A Student Loan is the answer.
4 0
3 years ago
Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.
harina [27]

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

6 0
3 years ago
Other questions:
  • "at a certain driver's license testing station only 40% of all new drivers pass the behind-the-wheel test the first time they ta
    12·1 answer
  • Carrie works at a canned food production factory. The government wanted to give a boost to the salt industry, so it lined up num
    10·1 answer
  • Martha visits a departmental store and discovers that a box of exotic candles will cost her ten percent more than what she had p
    14·1 answer
  • Adventure Holidays sells thousands of tour packages each month through its branches. A branch manager's salary would be a(n) ___
    5·2 answers
  • What is the main duty of the Federal Reserve?
    14·1 answer
  • The following information is available for the year ended December 31: Beginning raw materials inventory$12,000 Raw materials pu
    6·1 answer
  • Kelsey noticed one of the new employees at her job is struggling with the amount work assigned to her. What can Kelsey do to sup
    6·1 answer
  • Technology helps business professionals, keep more organized, communicate better, and effectively keeps businesses secure. Techn
    10·1 answer
  • How is tourism going to relief poverty in South Africa?
    14·1 answer
  • A professional sports team that earns more annual revenue than a small-market team is a _____________, fill in the blank,.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!