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seraphim [82]
3 years ago
8

Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.

Business
1 answer:
Maksim231197 [3]3 years ago
8 0

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

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Movie studios use market research to reduce their risk of losses by hiring firms such as the National Research Group to conduct
LenaWriter [7]

Answer:

The answer is: B) critique the title, plot and characters

Explanation:

Obviously the movie is almost finished when these prospective moviegoers attend an sneak preview, so the studios can only change a little of the movie depending on the reviews.

That is why they seek information on the title, plot and characters.

The title can be modified (it will cost extra money), but if necessary, it is something that can be done. A famous example is "The Return of the Jedi" whose original name was the "The Revenge of the Jedi".

The plot and the characters are things that can change a little by reediting the movie. Let's use Star Wars again as an example, George Lucas deleted characters from Episode III at the last moment because they weren't appropriate for young audiences. Again this is an expensive process digitally done.

Very few times the regular moviegoers get to see the full movie, sometimes the full movie is released later including the parts that were cut during editing, Avengers End Game added 30 extra minutes a few months after the release.

5 0
3 years ago
Mark, who recently won a lottery, tells Sean that he will split his lottery winnings with him if Sean can arrange Mark's intervi
Zepler [3.9K]

Answer:

Sean arranging the interview with his boss

Explanation:

Consideration in contract law refers to something of value or a benefit that is exchanged between parties involved in a contract. It is something that party A gives to party B in exchange for another consideration.

Consideration is the main reason why a contract exists.

Sean arranged the interview in exchange for Mark sharing his pottery prize.

7 0
3 years ago
Your uncle has $340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, star
timama [110]

Answer:

17.27 years

Explanation:

For this question we use the NPER formula that is shown on the attachment below:

Provided that  

Present value = $340,000

Future value = $25,000

PMT = $35,000

Rate of interest = 7.5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of year is 17.27 years

5 0
3 years ago
regarding references what are some things to keep in mind when creating a reference list for a potential employer
alekssr [168]

When you are creating a references list, you want to make sure that the people you list can speak to your abilities, that they will speak favorably of you and your work, and that they are willing to serve as a reference.

4 0
3 years ago
Read 2 more answers
A static planning budget
bixtya [17]

Answer:

C and D

Explanation:

In preparing a static budget, managers use predicted values for inputs and outputs. The anticipated prices are adopted at the beginning of the accounting period.  A static budget is a forecast of the expected revenues and expenses of an organization over a  specified period. The prices used in a static budget remain unchanged regardless of market fluctuations. Static budgets are also called fixed budgets

At the end of a period, the actual numbers realized may be quite different from the figures in a static budgeted. Managers use static budgets to target the level of expenses, costs, and revenues.  Governments departments and non-profit organizations use static budgets as their incomes are unlikely to change throughout a period.

Management compares the actual results at the end of a period, and the budgeted numbers at the beginning to measure perfomance or achievement. The comparison is for both revenues and expenditures.

8 0
3 years ago
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