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4 years ago

The efforts of employees who work directly to convert direct materials into the finished product are referred to as ______

Business

1 answer:

Alex_Xolod [135]4 years ago

7 0

Answer:

Direct labor

Explanation:

The role of direct labor is to convert direct material into the finished products. Without the help of direct labor, it is impossible to convert the direct material into the finished goods.

Here, the direct material means the labor which works on manufacturing a product which is directly related to the production level. The allocation of direct labor is done based on the number of hours worked or product.

Hence, The efforts of employees who work directly to convert direct materials into the finished product are referred to as direct labor

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The SSC Partnership balance sheet includes the following assets on December 31 of the current year:

erastovalidia [21]

The amount and character of Susan's gain or loss from the sale is $10,000 capital loss; $20,000 ordinary income.

<u>Explanation:</u>

Susan's share of unrealized receivables is $20,000 ($60,000 unrealized receivables into 1 by 3 interest). Susan will thus in the books record $20,000 of ordinary income and a $10,000 capital gain.

Susan’s share of unrealized receivable is $ 20000. Susan will recognize $20000 of ordinary income and a $10000 capital gain determined as the differnce the option shall be between the total gain of $30000 and the ordinary income of $20000. The answer from the given option is $10,000 capital loss; $20,000 ordinary income.

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3 years ago

The balance in the unearned fees account, before adjustment at the end of the year, is $12,960. Required: Journalize the adjusti

Fittoniya [83]

Answer:

The journal entry is shown below:

Explanation:

The journal entry for the following is as follows:

On December 31

Unearned Fees A/c........................Dr $6,000

Fees Earned A/c..............................Cr $6,000

Being the adjusting entry is posted for the unearned fees.

The account of unearned fees is debited against the account of fees earned with the amount of $6,000.

Working Note:

Amount = Before adjustment amount - Unearned fees at the year end

where

Before adjustment amount is $12,960

Unearned fees at the year end is $6,960

Putting the values above:

Amount = $12,960 - $6,960

= $6,000

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4 years ago

The units transferred in from the first department to the second department should be included in the computation of the equival

Mashcka [7]

Answer:

A. Yes Yes

Explanation:FIFO(FIRST IN FIRST OUT) this is a terminology used in accounting, Quality assurance/Food safety and stock management to control the receiving and usage,transfer or sale of goods,raw materials,spare parts etc. It is aimed at ensuring that products are used or sold according to the time it was received.

It is a method of determining the arithmetic mean of a set of data,or the average weight of a set of materials because some of the data or materials weigh more than the other. It is applied in materials and stock management to ensure that proper stock value is obtained when valuing the total amount of materials or stock received.

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3 years ago

For probation, the defendant will meet certain requirements, which usually include reporting to a probation officer on a regular

ohaa [14]

<span>When one is on probation for violating the law, all of the following are correct. They must report to the probation officer to ensure they are still being lawful and to address any concerns they are having, they must hold a steady job to ensure they are being a contributing member of society, and they may have to pay fines or restitution based on what their violation was.</span>

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3 years ago

Read 2 more answers

Pacific Packaging's ROE last year was only 3%; but its management has developed a new operating plan that calls for a debt-to-ca

Natalka [10]

Answer: 12.53%

Explanation:

EBIT = $780,000

Interest = $470,000

EBT = EBIT - Interest

= $780,000 - $470,000

= $310,000

Net Income = EBT - Tax

= $310,000 - (35% × $310,000)

= $310,000 - (0.35 × $310,000)

= $310,000 - $108,500

= $201,500

Total assets turnover ratio = 2.8

Total assets = $10,000,000/2.8

= 3,571,429

Debt ratio = 55% = 0.55

Debt/Total asset = 0.55

Debt/3,571,429 = 0.55

Debt = 0.55 × 3571429

= 1,964,286.4

Equity = 0.45 × 3571429

= $1607143.5

Return on equity = Net income/Equity

= $201,500/$1,607,143.5

= 0.1253

= 12.53%

The company's return on equity will be 12.53%.

6 0

3 years ago