All categories

3 years ago

Conversion costs are__________.

Business

1 answer:

Arturiano [62]3 years ago

6 0

Answer: C - direct labor and manufacturing overhead.

Explanation: Conversion costs are costs incurred in bringing raw materials to finished products. Its a cost that includes direct labour and manufacturing overheads because they both relate directly to the conversion of the raw materials to finished products.

You might be interested in

So I want to say that I want to be a police or an FBI but also want to be a business woman what do I do or what do I need to kno

tangare [24]

If u are good at communicating and u are good at making decisions be a businesswomen. if ur good in history and u do a sport and can be alert be a police officer. follow ur gut don’t feel pressured and than regret taking it. remember people still don’t know their major in college so don’t rush.

6 0

3 years ago

Adelberg Company has two products: A and B. The annual production and sales of Product A is 500 units and of Product B is 1,000

Goryan [66]

Answer:

Predetermined manufacturing overhead rate= $171.89 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total direct labor hours= (500*0.4) + (1,000*0.2)= 400 direct labor hours

Predetermined manufacturing overhead rate= 68,756 / 400

Predetermined manufacturing overhead rate= $171.89 per direct labor hour

7 0

2 years ago

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending

Assoli18 [71]

Answer:

reported as income for all three years is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value inventory = $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year ..............................1

put here value we get

Income per year = $\frac{181000 - 160000}{3}$

Income per year = $\frac{21000}{3}$

Income per year = $7000

so reported as income for all three years is $7,000

8 0

3 years ago

Daphne, a victim of identity theft, can’t currently qualify for a loan but wants to buy her friend’s condo for $90,000. She coul

stiks02 [169]

Answer:

an option agreement. 

Explanation:

The option agreement in the arena of financial derivatives is a contract between two parties that gives one party the right, but not the obligation, to buy an asset from the other party or to sell an asset to the other.

It outlines the agreed-upon price and the transaction's future date.

8 0

3 years ago

The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The com

prohojiy [21]

Answer:

Explanation:

Standard pounds per cake = 3 pounds

Standard unit price = $3

Standard pounds 5500 cakes = 16,500 pounds

Actual pounds per 5500 cakes = 16,650

Variance = (16,650 - 16,500)=150

Cost of actual materials used = actual materials * standard price

=16,650*3 =49,950

Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500

Direct material quantity variance = Quantity variance * 3

150*3 = 450

Journal entry

Debit work in progress = 49,500

Debit material quantity variance = 450

Credit Material = 49,950

4 0

3 years ago