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]
3 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]3 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]3 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
Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the
mixer [17]

Answer:

The adjusting entry on 31st July will be;

Salaries Expense (Dr.) $480

Salaries Payable  (Cr.) $480

Explanation:

Molly Mocha hires one student who works for 5 days and is paid on Monday. The student who has started working on 28th July Monday then he has worked till 1st August Friday. The adjusting entry need to be made on Thursday 31st July. The student is paid $120 per day so for 4 days of working it will be $120 * 4 days till 31st July. Since Molly Mocha pays salaries on following Monday it should record salaries expense as debit and salaries payable as credit in its accounts.

6 0
3 years ago
ring its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income D
miv72 [106K]

Answer: See explanation

Explanation:

The retained earnings will be calculated as:

= Begining retainers earnings + Net income - Dividend.

Year 1:

Retained earning = 0 + 2000 - 1700

= 300.

Year 2:

Retained earning = 300 + 2600 - 1600

= 1300

Year 3:

Retained earning = 1300 + 2600 - 2200

= 1700

Year 4:

Retained earning = 1700 + 5900 - 2900

= 4700

Year 5:

Retained earning = 4700 + 8800 - 3100

= 10400

3 0
3 years ago
Category killers compete primarily on the basis of a. low prices and enormous product availability. b. enormous product selectio
kumpel [21]

Answer:

A. Low prices and enormous product availability.

Explanation:

This is a chain of retail stores or a retail outlet that sells different kinds of goods or products that in a way that seems cheap and affordable to consumers. They also look and facilitate quick form of buying and selling. Their main goal stands primarily on cheap, fast enormous sales of the product.

They possibly can create a compelling shopping experience. In a bid to do that, they need to compress instant gratification, unique assortments and a reasonable showroom experience that aids social lifestyles.

7 0
3 years ago
Consider the following events:
zalisa [80]

Answer:

A fruitworm infestation ruins a large number of apple orchards in Washington state. 

Explanation:

The fruitworm infestation would reduce supply. The supply curve would shift to the left as a result.

I hope my answer helps you

4 0
3 years ago
Suppose the government increases spending on public education by $700 million and individual spending on private education drops
stepladder [879]

Suppose the government increases spending on public education by $700 million and individual spending on private education drops by $500 million. this is an example of incomplete crowding out.

<h3>What occurs when government spending rises?</h3>
  • Greater government spending, according to Keynesian economics, improves aggregate demand and consumption, which results in increased production and a quicker exit from recessions.
  • Long-term economic growth is lowered when the size of government is steadily increased.
  • Spending by the government distorts incentives, lowering output and efficiency.
  • These assertions are supported by academic research and supported by relevant economic statistics.

To learn more about recession, refer to the following link:

brainly.com/question/1417711

#SPJ4

6 0
2 years ago
Other questions:
  • Write an e-mail to a client describing situations in which the partnership entity form might be more advantageous (or disadvanta
    5·1 answer
  • A company’s weighted average cost of capital is 10.8% per year and the market intrinsic value of its debt is $33.1 million. The
    8·1 answer
  • Department A completed and transferred to finished goods a total of 60,000 units. Their ending inventory consisted of 40,000 uni
    10·1 answer
  • A synonym for fraudulent is:
    9·2 answers
  • an assessment made against a property to pay for public improvement by which the assessed property is supposed to be especially
    10·1 answer
  • Dexter Industries purchased packaging equipment on January 8 for $98,000. The equipment was expected to have a useful life of th
    11·1 answer
  • What are the differences between flexibility and compromise
    10·1 answer
  • PLEASE ANSWER THESE IT WOULD BE A HUGE HELP
    8·2 answers
  • Which statement best describes the current price for the good shown in this graph of supply and demand schedules.
    12·2 answers
  • 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!