All categories

3 years ago

In a production process new raw materials are considered_ whereas the finished products are considered__

Business

1 answer:

loris [4]3 years ago

3 0

Answer:

In a production process new raw materials are considered_____ whereas the finished products are considered______

WIP (Work IN Process)

Units for Sale/ Raw Material for other Processes

Explanation:

WIP (Work IN Process)

The raw material in WIP is converted to useful material for other processes.

Work in process consists of materials labor factory overhead or collectively called as conversion costs. In Work in Process these are completed fully or to a certain limit and send to other processes for further work.

Units For sale

Finished goods are ready for sale and send to desired stores or ware houses for storage and further dispatching to retail stores.

Sometimes these units further need servicing or processes in other departments to make a complex unit . In these situations they are considered raw material for other processes.

You might be interested in

Bennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries $540,

ollegr [7]

The activity rate for the Order Processing activity cost pool is closest to

542

Explanation:

Given that ,

Wages and salaries $540,000

Depreciation $220,000

Rent $240,000

Cost pool for order processing activity

Activity Cost Pools= 30% 25% 45%

= (540,000*30%) +(220,000*25%)+(240,000*45%)

= (162000)+(55000)+(108000)

=325000

Hence ,the Cost pool for order processing activity =325000

We know that the formula for

Activity rate = Cost pool/Total activity

Activity Cost Pool Total Activity Assembly 40,000 labor-hours Order processing 600 orders

= 325,000/600

= 542

The activity rate for the Order Processing activity cost pool is closest to

542

3 0

3 years ago

Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4

devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0

3 years ago

Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too b

tekilochka [14]

Answer:

C. The firm likes its workers and doesn’t want to replace some jobs with machinery.

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

8 0

3 years ago

During __________ stage of the product life cycle there are few but an increasing number of competitors.

Lilit [14]

It seems that you have missed the given options for this question, but anyway, the correct answer that would best complete the given statement above would be GROWTH. During GROWTH stage of the product life cycle, there are few but increasing number of competitors. Hope this answer helps.

7 0

3 years ago

1. Describe your business idea. (1-5 sentences. 2.0 points) TIP: This should be the same business idea you came up with in the f

Norma-Jean [14]

Answer:

Explanation:

in booths to attract in-person attention. Online, customers will be able to see all the variety of necklaces we have available and learn about our products. 5. If your company grows big enough to hire sales people, will you set sales quotas or use commissions? Why or why not? (1-2 paragraphs. 5.0 points) I would use commissions. This is because it is more economical for the company, only having to pay sales people when they successfully sell a product. It would motivate the sales people to sell more products because they know they benefit from it. Although it can pressure them sometimes, I feel like it would be the best route to take

4 0

4 years ago