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tatyana61 [14]
3 years ago
12

TP2. LO 5.2Why are labor and manufacturing overhead grouped together as conversion costs?

Business
1 answer:
Levart [38]3 years ago
5 0

Answer:

Explanation:

Conversion cost is the cost that is required to convert the raw material into a product. It is a mix of direct labor costs and the manufacturing overhead cost. It is also known as production cost which is required to produce the product

In mathematically,  

Conversion cost = Direct labor cost + manufacturing overhead cost

It excludes the direct material cost

These two costs are required to convert the raw material into the final product  

The examples of conversion cost are indirect labor, repairs and maintenance charges,etc

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In 1–3 sentences, explain the role of entrepreneurs in the economy.
jenyasd209 [6]

ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are

1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.

2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.

3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.

4 0
3 years ago
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Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150.
blondinia [14]

Answer:

interest rate =  15%

value of the bond will decrease

Explanation:

given data

face value = $5,000

time = 5 year

annual coupon payment = $150

solution

we get here interest rate on the borrowed funds that will be as

interest rate = \frac{annual\ coupon}{face\ value/time}  × 100

put here value we get

interest rate =  \frac{150}{\frac{5000}{5} }  × 100

interest rate =  15%

and

when bond issued at interest rate =  3 %

but market interest rate 4%

so seller will reduce price of bond less than the face value

because we will look for atleast 4% payout when bond matures

so value of the bond will decrease

6 0
3 years ago
The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order
Nikolay [14]

Answer:

A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.

Explanation:

there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.

The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.

If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest

5 0
3 years ago
Southwest Airlines employees all know about when CEO Herb Kelleher visited one of the airline's hangars in the middle of the nig
Galina-37 [17]

Answer:

Story

Explanation:

Organizational culture includes an organization's expectations, experiences, philosophy, as well as the values that guide member behavior, and is expressed in member self-image, inner workings, interactions with the outside world, and future expectations.

So Herb Kelleher's visit that night will act as a story in the organizational culture because of the impart it had on everyone.

8 0
3 years ago
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As the manager of a food store, your friend is trying to come up with ways of increasing sales of items that have a high profit
rewona [7]

Answer:

The correct answer is There will be no real change in the sales of those subliminally advertised items.

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