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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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Ymorist [56]
<span>D. A human resource </span>
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An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F
yawa3891 [41]

Answer:

The contribution margin for Sam's Bookstore for the first quarter is 0.84 or 84 %

Explanation:

Contribution Margin = Contribution ÷ Sales

Where,

<em>Contribution = Sales - Variable Costs</em>

where,

Sales :

Sales = $ 900,000

Number of Books Sold = $ 900,000 ÷ $50

                                      = 18,000 books

Variable Costs Calculation :

Cost of goods sold                                                           $630,000

Variable selling expenses ($5 × 18,000 books)               $90,000

Variable administrative expenses( 4% × $ 900,000)       $36,000

Total Variable Costs                                                         $756,000

Therefore,

Contribution Margin =  $756,000÷  $ 900,000

                                  = 0.84 or 84 %

7 0
3 years ago
When I called about the cost of theses items it was implied total would only be 35.00
elixir [45]

Answer:

plus tax

Explanation:

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Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
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B) Fiscal policy requires a short and contentious legislative process
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What are the main components of money in the United States​ today? The main components of money in the United States today are​
Komok [63]

Answer:

The answer is option B.

Explanation:

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3 years ago
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