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3 years ago

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.

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If a firm is selling a search good it is more likely to

Hitman42 [59]

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3 years ago

A government deficit has increased from 30 to 50. The country's trade deficit is 100 and private savings equal 65 and investment

viva [34]

Answer:

If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.

Explanation:

S - I = X - M, where

S = Sp + Sg, where

Sp: private saving

Sg: Public saving = T - G

Sp + T - G - I = X - M

or,

Sp - I = (G - T) - (M - X) = Budget deficit - Trade deficit

Initially,

65 - 30 = 90 - 100 = - 10

When budget deficit falls to 50,

Sp - 90 = 50 - 100

Sp = - 50 + 90 = 40

Therefore, If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.

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3 years ago

What are the benefits of organizing your thoughts before you begin to speak?

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3 years ago

Read 2 more answers

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound

Eduardwww [97]

Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

Selling price per pound - Variable cost per pound = Contribution margin

For Product K1

= $155.8 - $91

= $64.8

For Product S5

= $108.92 - $90

= $18.92

For Product G9

=$205.55 - $136

= $69.55

Now the contribution margin per pound is

For Product K1 = Contribution margin ÷ Pound

= 64.8 ÷ 4.2

= 15.43 per pound

For Product S5 = Contribution margin ÷ Pound

= 18.92 ÷ 4.1

= 4.61 per pound

For Product G9 = Contribution margin ÷ Pound

= 69.55 ÷ 5.3

= 13.22 per pound

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2 years ago

For the fiscal year 2019, your company has total revenues of $250,000 and total expenses of $213,000. Assets had a book value of

mel-nik [20]

Answer:

Income Statement for the fiscal year ended 2019

Revenue $250,000

Expenses $213,000

Net Income $37,000

Explanation:

The income statement for the year ended 2019 is made by deducting all the total expenses from revenue generated to find net income. The revenue is provided in the question which is $250,000. Total expenses are then presented in the income statement the amount is $213,000, this figure is deducted from revenue which derives the net income figure of $37,000.

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3 years ago