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
Nezavi [6.7K]
4 years ago
10

Direct materials for a company were $500,000; manufacturing overhead was $250,000; and direct labor was $770,000. Conversion cos

ts would totalA) $1,020,000.B) $1,270,000.C) $1,520,000.D) $750,000.
Business
2 answers:
Keith_Richards [23]4 years ago
8 0

Answer:

A) $1,020,000

Explanation:

Conversion cost = All the cost incurred to convert raw material into finished goods, this only includes direct labor cost and manufacturing cost.

Thus, here as for provided information,

Manufacturing overhead = $250,000

Direct Labor = $770,000

Thus, conversion cost = $250,000 + $770,000 = $1,020,000

Conversion cost is the cost of efforts made to convert raw material to finished goods, but it does not include raw material cost.

A) $1,020,000

natima [27]4 years ago
3 0

Answer:

conversion cost of the compnay is $1020000

Explanation:

Given data:

Direct material = $500, 000

Manufacturing overheads = $250,000

Direct labor cost = $770,000

conversion cost  is given as

conversion cost = direct labor cost + manufacturing overheads

PUTTING ALL VALUE TO GET  CONVERSION COST VALUE

conversion cost = 770000+250000 = $1020000

thereforer conversion cost of the compnay is $1020000

You might be interested in
Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the
scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

  • Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

  • Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

  • Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

  • Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
8 0
3 years ago
Stores that carry a broad product line, with limited depth, are referred to as
nordsb [41]

Answer:

b. general merchandise stores.

Explanation:

In terms of <u>product line breadth and depth</u>, stores differentiate themselves in product assortment.

A general merchandise store has a broad product line, aiming to offer diverse types of products. However, since it is not specialized in a particular product category, it has limited depth. These types of stores are common in rural communities, where they are the main shop of choice.

7 0
3 years ago
Which one of the following statements is correct concerning the payback rule?
Naya [18.7K]

The correct concerning the payback rule is rule is flawed because it ignores all cash flows after some arbitrary point in time.

Payback period in capital budgeting refers to the time required to recover funds spent on an investment or to reach breakeven. Example: If at the beginning of year 1 he invests $1,000 and at the end of year 1 and his second year he earns $500, it pays for itself within 2 years.

The number of years it will take to recover the money invested. For example, if it takes 5 years to recover the cost of an investment, the payback period is he 5 years.

Payback period is defined as the number of years required to recover the original cash investment. In other words, the period during which a machine, plant, or other investment has generated sufficient net income to cover its investment costs.

Learn more about Payback period brainly.com/question/23149718

#SPJ4

7 0
1 year ago
Is considered to be the shortest path to failure in business.
Degger [83]

Answer:

c

Explanation:

I thinks it's c because when you deal with stress, you can't do a lot of other things

8 0
3 years ago
Read 2 more answers
Southwest Airlines uses its assets very productively. Its turnaround time, or the time that its airplanes sit on the ground whil
mario62 [17]

Answer: Efficiency

Explanation:

Efficiency shows the highest performance level that utilizes the smallest amount of inputs to attain the biggest amount of output. Efficiency is the act of reducing unnecessary resources used in the production of a given output.

Efficiency reduces the waste of resources like energy, physical materials, and time albeit achieving the desired output. It is the aim of every organization to get the best results using the least cost. Southwest Airlines is efficient in its production since it uses its assets and time well.

8 0
4 years ago
Other questions:
  • Instructions:Review the following graph. Then, answer the question below.
    10·1 answer
  • The following data (in thousands of dollars) have been taken from the accounting records of Karmint Corporation for the just com
    7·1 answer
  • Real property is _____.
    5·2 answers
  • Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
    8·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • Is an integral part of business continuity planning, but bcp is much broader?
    13·1 answer
  • In a market system, scarce goods are allocated through the operation of fixed prices that are determined by consumers and produc
    8·1 answer
  • Marigold Corp. has outstanding 77000 shares of 5% preferred stock with a $10 par value and 145600 shares of $3 par value common
    11·1 answer
  • Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for a
    6·1 answer
  • If all investors become more risk averse the SML will _______________ and stock prices will _______________. Multiple Choice hav
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!