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Scrat [10]
2 years ago
9

Direct materials, direct labor, and manufacturing overhead are all ______ costs. Multiple choice question. direct conversion per

iod product variable
Business
1 answer:
galina1969 [7]2 years ago
8 0

Product Costs include Direct materials, direct labor, and manufacturing overhead

<h3>What is product Costs?</h3>

Product Costs refers all the costs incurred in order to produce or manufacture a product. It refers to all the expenses or what is use to produce a product . Example of product costs include direct labor, direct materials,supplies, manufacturing overhead and consumable production.

Therefore Product Costs include Direct materials, direct labor, and manufacturing overhead

Learn more on cost of production from the link below.

brainly.com/question/1373878

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On January 1, Year 1, an entity acquires a new machine with an estimated useful life of 20 years for $100,000. The machine has a
goldenfox [79]

Answer:

The answer is $11,500

Explanation:

Depreciation here be done separately or in components.

The formula for depreciation is:

(Cost - residual value) / useful life.

First component:

A new machine for $100,000 and useful life is 20 years.

Depreciation = $100,000/20years

= $5,000

Second component:

An electrical motor for $20,000 and useful life is 5 years.

Depreciation = $20,000/5years

= $4,000

Third component:

Inspection $10,000 and useful life is 4 years.

Depreciation = $10,000/4years

= $2,500

Therefore, the depreciation expense for Year 1 is

=$5,000 + $4,000 + $2,500

=$11,500

5 0
3 years ago
Assume the following facts are true for 2016: 318 million people lived in the United States. A total of 2,468,435 of these peopl
Gre4nikov [31]

Answer:

The number of people that were at risk for diabetes in 2016 is 289 million people

Explanation:

The number of persons at risk of a health outcome in a population is the difference between the total population and the number of persons that already have the health outcome in the population.

The number at risk of an outcome is calculated at the beginning of the year, before changes occur throughout the progression of the year, to accurately state the number at risk for that research year.

In our example, we will be concerned only about the data gotten at the beginning of the year, and these include;

The total population = 318,000,000 people

Number of persons with diabetes at the beginning of 2016 = 29,000,000 people.

Therefore, number of persons at risk for diabetes in 2016 = The total population - Number of persons with diabetes at the beginning of 2016

= 318,000,000 - 29,000,000 = 289,000,000 (289 million) people).

Note do not confuse this with the risk ratio for diabetes in 2016, which is the ratio of the number with diabetes and the total population.

5 0
3 years ago
School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy
Blababa [14]

Answer:

Production Budget ( July August September)  5200,  6300,    9000        

Sales Budget   ( July August September)  $ 300,000   $ 360,000  $ 450,000      

Direct Materials Budget ( July August September) $ 31860   $ 39,420                $ 48,600    

Direct Materials Units  Budget   ( July August September)  53,100             65,700    81,000

Direct Labor Budget  ( July August September)  $ 163,800  $ 198450  $ 283,500  

Direct Labor Hours Budget  ( July August September)7800  9450     13500

Explanation:

The formula used are

<em>1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory</em>

<em>2) Sales Budget= Sales * Price Per unit</em>

<em>3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory</em>

<em>Raw Materials Costs= Raw Materials Budget * Costs</em>

<em>4) Direct Labor Hours Budget = Production * Direct Labor Hours</em>

<em>Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour</em>

<em><u /></em>

<u>School Days Furniture, Inc.</u>

<u>Production Budget</u>

                                    <u>  July               August               September </u>

Sales                            5000              6000                   7500

+ Desired

Ending Inventory        1200               1500                     ------(assuming zero inv)

Less Opening

<u>Inventory                    1000               1200                     1500            </u>

<u>Production Budget    5200                6300                   9000    </u><u>     </u>

<u />

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Sales Budget</u>

                                      <u>July                August             September </u>

Sales                            5000              6000                   7500

<u>Price Per unit                 $ 60              $60                     $ 60                    </u>

<u>Sales Budget            $ 300,000          $ 360,000             $ 450,000       </u>

<u />

Sales Budget= Sales * Price Per unit

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Raw Materials Budget</u>

                                    <u>  July               August               September </u>

Production Budget         5200                6300                   9000    

+ Desired

Ending Inventory             630                   900      ------(assuming zero inv)

Less Opening

<u>Inventory                        520                   630                   900           </u>

<u>Materials Requiremnt    5310                6570                  8100  </u>

<u>Board (feet)                      10                      10                           10          </u>

Direct Materials          53,100             65,700                 81,000

<u>Plank Costs                  0.60                 0.60                        0.60         </u>

<u>Direct Materials          $ 31860            $ 39,420                $ 48,600  </u><u>  </u>

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

<u></u>

<u>School Days Furniture, Inc.</u>

<u>Direct Labor Budget</u>

                                    <u>  July               August               September </u>

Production Budget         5200                6300                   9000    

<u>Direct Labor hours          1.5                     1.5                       1.5        </u>

<u>Direct Labor Hours        7800                9450                  13500</u>

Wages Per hour              $ 21                 $ 21                     $21

<u>Direct Labor Budget   $ 163,800         $ 198450          $ 283,500  </u>

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

<u />

<u />

4 0
3 years ago
Emphasizing personal selling rather than mass media advertising is an example of a __________ strategy.
Ronch [10]

Answer: personal selling rather than mass media advertising in the promotional mix  the firm is using a Standardized strategy

Explanation:

Hope this helps <3

4 0
3 years ago
When performing __________, an organization should consider not only those trends that directly impact it, but also those that a
pashok25 [27]

Answer:

Environmental scanning.

Explanation:

Environmental scanning can be defined as a management strategy or technique which is based on systematically acquiring data (informations) about trends, events or patterns, and occasions by creating or taking surveys and analysis of these data (informations) in the internal and external environment of the organization. After acquiring these data (informations) through the use of environmental scanning, it is then utilized by the executive management for strategic planning of the organisation's future, exploitation of all available opportunities for the success and smooth operations of the organization.

Furthermore, the internal environmental scanning as a management strategy, offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats. This is typically referred to as the SWOT (Strength, Weakness, Opportunities and Threat).

In a nutshell, the environmental scanning gives an overview of the strength and weakness possessed by an organization, as well as opportunities in the market and potential threats to an organization.

Hence, the following are the key features or applications of an external and internal environmental scanning;

1. Used as a tool for corporations to avoid strategic surprise.

2. Used to monitor, evaluate, and disseminate information relevant to the organizational development of strategy.

3. Used to determine a firm's competitive advantage.

4. Used as a tool to ensure a corporation's long-term health.

5. Using market surveys to get important informations about their customers.

<em>In conclusion, when performing environmental scanning, an organization should consider not only those trends that directly impact it, but also those that affect its suppliers and customers in general. </em>

8 0
4 years ago
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