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marin [14]
2 years ago
13

Which of the following statements is true of conversion​ costs? A. The conversion cost needed for a completed unit and the conve

rsion cost in a partially completed unit can be measured accurately. B. If conversion costs are added evenly during the assembly we can conclude that there are more than one​ indirect-cost category. C. The calculation of equivalent units is relatively easy for the textile industry. D. Estimating the degree of completion is usually easier for direct material costs than for conversion costs.
Business
1 answer:
Dvinal [7]2 years ago
4 0

Answer:

D. Estimating the degree of completion is usually easier for direct material costs than for conversion costs.

Explanation:

"Conversion cost" is a term that is used in accounting. This refers to the production cost of the manufacturer, other than the direct material's cost. This is calculated by adding the direct labor's costs and the manufacturing overhead costs. The answer will then be divided by the total number of products produced within the day.

On the contrary, the "direct material cost" refers to the cost of the raw materials that were used in order to produce the product. <u>Since the raw materials can be easily identified, it then makes it easier to estimate the degree of completion compared to that of the conversion cost.</u>

So, this explains the answer.

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What is the Accounting cycle?
Arte-miy333 [17]

Answer:

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Explanation:

3 0
3 years ago
Read 2 more answers
Jasper makes a $86,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice
ExtremeBDS [4]

Answer:

Debit Notes Receivable for $86,000; credit Cash $86,000

Explanation:

The journal entry to record the cash loan is given below;

Notes Receivable $86,000

           To Cash $86,000

(Being cash loan is recorded)

Here the note receivable is debited as it increased the assets and credited the cash as it decreased the assets

Therefore the first option is correct

8 0
3 years ago
Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls.
vivado [14]

Answer: information system audit

Explanation:

The information system audit is the process through which organizations periodically have an external entity which helps in reviewing the controls in order to uncover any potential problems in the controls

In order to know how effectivene the information system controls is, the information systems audit is vital. It is required to verify the accounting records of an organization as well as the financial statements.

8 0
2 years ago
Consider a small town that has two grocery stores from which residents can choose to buy a gallon of milk. the store owners each
Svetradugi [14.3K]
 The store owners must make a decision to set a low milk price thinking about the people but if they think of their profit then they should better decide to set a high milk price.
8 0
3 years ago
XYZ Corporation is headquartered in the United States and is opening a new office in Singapore. The company decides to send a U.
jasenka [17]

Answer:

Expatriate

Explanation:

An expatriate is a professional who opts to works in another country other than his or her native country. To be regarded as an expatriate, the worker has to be highly skilled. He or she must be living and working in a foreign country.

An expatriate leaves their country to a different nation to provide specialized labor services, not for any other reason. The US citizen leaving for Singapore will be described as an expatriate. He is highly skilled and knowledgeable on the operations of XYZ corporations. The purpose of him being in Singapore is to offer his expertise to the new branch.

5 0
3 years ago
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