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motikmotik
3 years ago
11

Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,90

0; and selling expenses, $45,290. a. $543,800b. $187.900 c. $731,700 d. $384.200
Business
1 answer:
Alexxx [7]3 years ago
5 0

Answer:

Conversion costs: d. $384,200

Explanation:

Conversion costs are the costs incurred on activities that convert raw material to finished goods. Conversion costs are calculated by using following formula:

Conversion costs = Direct labor + Factory overhead.

In the case: Direct labor  are $196,300; Factory overhead are $187,900

Therefore:

Conversion costs = $196,300 + $187,900 = $384,200

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If Good C increases in price by 30% a pound, and this causes the quantity demanded for Good D to increase by 40%, what is the cr
dalvyx [7]

Answer:

1.3

Explanation:

Given:

If Good C increases in price by 30% a pound.

This causes the quantity demanded for Good D to increase by 40%.

Question asked:

What is the cross-price elasticity of the two goods ?

Solution:

We can find the cross-price elasticity of the two goods by this formula:

E_{c}  = \frac{ Percent\  change\ in \a \ quantity \ of \ good \ D}{Percent \ change\  in\ the\  price\  of \ good\  C}

E_{c}  = \frac{40}{30}= 1.3

When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the  is Good C and  Good D is 1.3.

4 0
3 years ago
The Janissaries were___________.A)slave women who lived in the sultan's harem.B)Christian boys taken from conquered territories
Drupady [299]

Answer:

The answer to this question is B. Christian boys taken from conquered territories and raised as special forces.

Explanation:

The Janissaries  were Christian boys, that were taken as salves  from the Balkan region  (Southeast Europe)   that ended up in Anatolia  (west Asia) and were indoctrinated into Islam and circumcised.

They were made to go through rigorous training, and they earned the rank of Janissary upon reaching 24 or 25 years of age.  

7 0
3 years ago
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A business manager finds that the building expense each month is completely uncorrelated with revenue levels. What should the bu
Westkost [7]

Answer:

The business manager should assume that the building expense is fixed.

Explanation:

Fixed costs are not correlated with the revenue levels.  Within the relevant range, fixed costs remain constant.  They do not vary with the activity levels as variable costs do.  For example, a manufacturer must pay for rent, repairs and maintenance, and utility bills irrespective of the revenue levels at which it is operating.  This is why the business manager always discovers that the building expense each month does not correlate with the revenue levels, unlike the product's variable costs.

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2 years ago
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5 0
3 years ago
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Suppose you sell a fixed asset for $99,000 when its book value is $75,000. if your company's marginal tax rate is 39 percent, wh
strojnjashka [21]

Determining Depreciation Recapture.

Sale Value = $99,000

Less: Adjusted basis(book value) = ($75,000)

Depreciation recapture = $24,000

So Depreciation recapture = $24,000

The marginal tax rate is the amount of additional tax paid for each additional dollar earned in income. The average tax rate is the total tax paid divided by total income. A marginal tax rate of 10% means that 10 cents from the next dollar you earn will be tax deductible.

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Learn more about marginal tax here

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