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Marta_Voda [28]
3 years ago
11

Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11

2,000 Administrative expenses 102,000 Calculate prime cost and conversion cost for Benton Engineering Services Company during 2016.
Business
1 answer:
Galina-37 [17]3 years ago
8 0

Answer:

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

Explanation:

<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>

<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>

For Bento Engineering,

<em>Prime cost = direct labour cost  (since no figure is given for direct material and direct expenses.)</em>

Prime cost = $94,000

Conversion cost = Direct labour cost + overheads

<em>Conversion cost</em> = $94,000 + 126,000

                          =  $135,400.

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

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_________ are variables that managers must understand since they can significantly affect the overall competitive position of a
Sphinxa [80]

Answer:

The correct answer is letter "C": Strategic Business Units.

Explanation:

Strategic Business Units or SBUs refers to individual departments within an organization that have a vision and mission of its own to help companies have an impact on the overall market segment. They have a competition analysis and marketing campaign aligned with the companies objectives.

7 0
3 years ago
If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you
Roman55 [17]

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

                                                      = 5.13%

Present value is negative as it is a cash outflow.

Therefore, annual return is computes as 5.13%.

3 0
3 years ago
According to empirical studies, greater consumption is likely to lead to unhappiness. This condition is called _____.
Zarrin [17]

Answer:

Affluenza.

Explanation:

It is a term that described to be psychological and socio-metaphorical illness seen amongst children or also in teens who grow up in a privileged lifestyle, largely isolated emotionally and developmentally from their working parents etc. In most cases according to research, it is seen to make such children feel more isolated than their friends, while at the same time feeling an increase in pressure to perform.

The effect of this affluenza is also seen to make such people to have a feeling of giving themselves excessive pressure to achieving things, these includes in both academic and extracurricular activities.

5 0
3 years ago
What was Rutherford's contribution to our knowledge of atoms
ANTONII [103]
He proposed the theory of the structure of atoms
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7 0
3 years ago
If a portfolio had a return of 11 the risk-free asset return was 6, and the standard deviation of the portfolios excess returns
Sindrei [870]

The premium would be 5%

If a portfolio had a return of 11 the risk-free asset return was 6, and the standard deviation of the portfolios excess returns was 25 the premium would be 5%

Portfolio return = 11%

Risk free rate = 6%

Risk premium = Portfolio return - Risk free rate

                         = 11% - 6% =5%

So, the premium would be 5%

Premium is an amount paid periodically to the insurer by means of the insured for overlaying his chance.

Learn more about premium here- https://economictimes.indiatimes.com/definition/premium

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4 0
1 year ago
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