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3 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]3 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 first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.

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2 years ago

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Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.

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2 years ago

When using equity financing, firms run the risk of?

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They run the risk of diluting the firm's ownership. Hope I helped! :)

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2 years ago

Santo Corporation declares and distributes a cash dividend that is a result of current earnings. How will the receipt of those d

Readme [11.4K]

Answer:

Under the equity method, cash dividends reduce the carrying value of the investment account (asset account), they are not considered income. For e.g.

Journal entry to record investment

Dr Investment in Santo Corporation 100,000

Cr Cash 100,000

Journal entry to record cash dividend

Dr Cash 5,000

Cr Investment in Santo Corporation 5,000

Under the fair value method, cash dividends are considered income, therefore, they increase net income. For e.g.

Journal entry to record investment

Dr Investment in Santo Corporation 100,000

Cr Cash 100,000

Journal entry to record cash dividend

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3 years ago

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa

aalyn [17]

Answer:

Option C is correct

debit to Factory Overhead for $309,700

Explanation:

<em>Overheads are charged to cost units using a pre-determined overhead absorption rate. Absorbed overhead is determined by multiplying the overheard absorption rate by the actual activity level.</em>

If the absorbed overhead exceeds the actual overhead cost, the difference is over absorbed overhead , and it is under-absorbed overhead if reverse is the case.

In any way, only the actual overhead incurred would be charged as production cost.

In the question, the actual overhead cost is $309,700, hence it will be debited to the Factory overhead account representing an increase in production cost

The right accounting entry is

debit to Factory Overhead for $309,700

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3 years ago