Answer: direct material, direct labor, and fixed manufacturing overhead
Explanation: In calculating product cost in a manufacturing environment, there are two types of costing namely the variable costing method and absorption costing method.
Under absorption costing, a unit of product includes direct materials, direct labour, variable overheads and all fixed manufacturing overhead.
under this method, all variable cost as well as fixed cost are all included in the cost of a product.
Absorption costing is required by GAAP and so has to be using in preparing the financial accounts.
Answer and Explanation:
The computation of the equivalent units of production for both materials and conversion costs is given below:
For material
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.75
= 9,275 units
And, for conversion cost
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.25
= 8,225 units
Answer:
Explanation:
Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)
rh - periodic interest rate in the home currency
rf - periodic interest rate in the foreign currency
Forward/90 = [1+1%*180/360]/[1+2%*180/360]
Forward = 1.005/1.01 * 90 = 89.55
Forward rate is 89.55 yen/$
Ummmmm u didn’t put anything down there
Immediantly after it happens
