Answer:
$77,200
Explanation:
Conversion cost is calculated as;
= Direct labor cost + Manufacturing overhead.
Given that;
Direct labor cost = $40,500
Manufacturing overhead = $36,700
Conversion cost = $40,500 + $36,700
= $77,200
Answer:
In each succeeding payment on an installment note:
b. The amount that goes to interest expense decreases.
Explanation:
With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease. This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment. The interest expense for a previous period will not be the same for the future period.
Answer:
The consumer buying process begins when consumer recognize that they an unsatisfied need.
Answer:
Investing is a guaranteed way to grow your money. FALSE (IT is not 100% guaranteed, as all money can be lost in failed investment)
Investing is best for long-term financial goals, like paying for retirement. TRUE
Investing is riskier than putting money in a savings account. TRUE
On average, investing money in the stock market earns a higher return than putting money in a savings account: TRUE
