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marin [14]
3 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]3 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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3 years ago
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<em>I hope this information can help you.</em>

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4 years ago
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Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the min
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7 0
3 years ago
The minimum wage is increased from $7.25 to $9.00 per hour. Calculate the elasticity of demand for fast food workers over the re
deff fn [24]

Answer:

As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.

Explanation:

<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get, </em>

<em>LD1 = 95-3(7.25) = 73.25 </em>

<em>LD2 = 95-3(9) = 68 </em>

Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33

The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.

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