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
kozerog [31]
3 years ago
6

LO 4.1Which of the following is a conversion cost?

Business
1 answer:
sveta [45]3 years ago
5 0

Answer:  

OPTION b      

Explanation:

Conversion costs refer to the concept used during cost accounting which is a mixture of labor costs including overhead expenses in processing. In certain words, the cost of processing is the commodity or manufacturing costs of a supplier apart from the expense of the raw resources of an item.

In other words, processing costs are the manufacturing or engineering costs required to transform raw resources in to goods. The phrase conversion costs also occur in a method costing method when calculating the cost for an identical product.

You might be interested in
Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial sta
KengaRu [80]

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

3 0
2 years ago
A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori
Mandarinka [93]

Answer:

17%

Explanation:

If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

8 0
3 years ago
Read 2 more answers
Paolucci Corporation's relevant range of activity is 4,000 units to 8,000 units. When it produces and sells 6,000 units, its ave
ratelena [41]

Answer:

$12.50

Explanation:

Variable costs are those costs which changes with the change in activity driving the cost (Sales. production etc.). It can be direct or indirect costs.

Whereas fixed costs are those costs which remains constant and do not change with the change in activity.

All the following costs are variable costs

                                                          Average Cost per Unit

Direct materials                                   $6.45

Direct labor                                          $3.30

Variable manufacturing overhead     $1.25

Sales commissions                              $1.00

Variable administrative expense       <u>$0.50</u>

Total variable cost per unit                <u>$12.50</u>

All the following costs are fixed costs.

Fixed manufacturing overhead         $3.00

Fixed selling expense                        $1.05

Fixed administrative expense           $0.60

3 0
3 years ago
Please read the entire question.
Bad White [126]

Maybe a nighttime setting could work for your PowerPoint. I'm thinking string lights, glow-in-the-dark stickers, stuff like that. And then in comes your toy: warm, snuggly, and here to help your prospective kid sleep through the night. I know how to make a whole bunch of cool designs with PowerPoint, so just comment below if you have any questions.

6 0
3 years ago
Us federal income tax is progressive by law, but which best explains why is it sometimes regressive in practice?
Solnce55 [7]
I believe the answer is: High-income earners use tax laws to their advantage to reduce their tax rates

High income earners tend to possess financial knowledge or ability to allow experts who understand the full scope of taxation laws and how to recorded the transactions in a way that make it eligible for tax deduction. This makes a lot of high income earners manage to avoid paying taxes even if they manage to obtain a lot of profit.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Payday lending and cash advance companies are aggressively targeting which group of people
    8·1 answer
  • Easton Pump Company’s planned production for the year just ended was 19,300 units. This production level was achieved, and 20,60
    5·1 answer
  • The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. Calculate the required rate of retur
    6·1 answer
  • How will you measure the results of your launch: a) Executive Summary b)SWOT Analysis c) Product or Service Definition d) Compet
    5·1 answer
  • Motonous Corporation has completed its fiscal year and reported the following information. The company had current assets of $15
    12·1 answer
  • Graphically illustrate (using the WS and PS relations) and explain the effects of an increase in the markup on the equilibrium r
    12·1 answer
  • Q 11.26: The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at so
    11·1 answer
  • Why do more than half of enterprise application projects exceed budgets, deliver less than expected benefits, or experience over
    6·1 answer
  • The following selected transactions were completed by Capers Company during October of the current year: Oct. 1. Purchased merch
    12·1 answer
  • Cheryl is single, has one child (age six), and files as head of household during 2020. Her salary for the year is $19,500. She q
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!