The conversion cost for a company with following data : direct materials $356,900; direct labor $194,700; factory overhead $183,200 and selling expenses $48,800 is $377,900.
It is a production cost required to convert from raw materials into ready to sell products. The concept is used in cost accounting to derive the value of ending inventory, which is then reported in the balance sheet.
From the information given at the question, direct labor and manufacturing / factory overhead will influence the conversion cost. So, from here, we can assume that conversion cost is an expense for overhead and direct labor related to the conversion of raw materials into final products.
Now, let's calculate the conversion cost with the data given
Direct materials $356,900
Direct labor $194,700
Factory overhead $183,200
Selling expense $48,800
Conversion cost = Direct labor + Manufacturing overhead
= $194,700 + 183,200
= $377,900
Therefore, the conversion cost is $377,900.
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Which part of the Business Cycle would this graph represent?
bust is the correct answer
What is revising?
please help ur gurl out
Revising is the process of reviewing and changing a piece of writing to improve its overall clarity, coherence, and effectiveness. This can include making changes to the structure, organization, tone, word choice, and grammar of a piece of writing. The goal of revising is to ensure that the message of the writing is clear, concise, and effective in communicating the intended meaning to the reader.
examine the value of interactive leadership in the public sector and demonstrate its capacity to empower the followers
The correct answer to this open question is the following.
The value of interactive leadership in the public sector can be seen in the efficiency and effectiveness of the work done by the cabinet of the executive branch. Many different departments and public offices are managed using interactive leadership, informing employers of what needs to be done and the reason why.
Interactive leadership has the capacity to empower employers because it maintains open lines of communication, informing about key activities that need to be done, clarifying goals, establishing strategies, and facilitating the tools to perform and be effective.
The public sector is comprised of what is known as the bureaucracy, and in order to coordinate and lead this public sector, leaders have to properly interact with employers. These employers can openly and honestly express their concerns and opinions to the leader, who takes into consideration this input. The great advantage of using interacting leadership is that people know what is expected of them.
Please help instructions are attached.
What is the typical relationship between a person's network size and the number of job leads they have?
a. The smaller the network, the more job leads available
b. The larger the network, the more job leads available
C. The larger the network, the fewer job leads available
d. None of the above
Please select the best answer from the choices provided
Ο Α
О В
C
OD
Answer:
b. The larger the network, the more job leads available
Explanation:
A person's network refers to their group of friends/contacts that share common interests or professions. They hold informal meetings to exchange ideas and information. Although networking occurs in informal places, the nature of relationships in a network is inclined towards business and work rather than personal.
A person's network comes in handy when soliciting for business or employment. The more friends one has, the more introductions and offers they get. A larger network means more offers from close contacts and their friends.
Answer:
the answer is b The larger the network, the more job leads available
Explanation: i just took it on edge
How do you abide by company rules and regulations
This chapter is all about trade--imports and exports and the balance of payments.
Most payments in the United States for goods and services are made using Group of answer choices traveler's checks. checking account deposits. currency. gold.
Answer:
checking account deposits.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
However, most payments in the United States for goods and services are made using checking account deposits.
How can the federal reserve influence the interest rate on credit cards?
A. By shutting down credit card companies that set rates too high.
B. By raising taxes on companies that provide high-interest credit cards.
C.By adjusting the discount rate banks pay to borrow.
D.By setting up federal credit card companies with low rates.
Answer:
C. By adjusting the discount rate banks pay to borrow
Explanation:
A P E X
The federal reserve can influence the interest rate on credit cards by raising taxes on companies that provide high-interest credit cards. Thus, option B is appropriate.
The American financial system's heart is the Federal Reserve System. After a string of financial panics prompted the need for centralized supervision of the monetary system to prevent financial crises, it was established on December 23, 1913, following the passage of the Federal Reserve Act.
Banks and other lenders' interest rate-setting processes are influenced by Federal Reserve decisions. To finance anything from a car or home to your purchases using a credit card, higher Fed interest rates equate to more expensive borrowing charges.
Thus, option B is correct.
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A local corporation is sponsoring a scholarship competition in your high school. Part of the evaluation is based on a personal presentation before the committee. You will create three slides for a presentation about who you are and why you should be considered for the scholarship. Write bullet points for the information that you would include.
Answer:
Slide 1: Introduction
- Start with a catchy sentence that captures the committee's attention and introduces yourself briefly.
- Explain why you are excited about applying for the scholarship and what it means to you.
- Mention your academic background, major, and interests.
Slide 2: Main body
- Provide examples of your achievements, skills, and experiences that show your preparedness and potential for the scholarship.
- Highlight how your values align with the organization's mission and goals.
- Explain how the scholarship will help you pursue your academic and career aspirations.
Slide 3: Conclusion
- Summarize your main points and remind the committee of your strengths and uniqueness.
- Express your gratitude for the opportunity and your enthusiasm for joining the organization.
- End with a call to action or a question that invites further discussion.
Photolite (B) Corporation case study answers
Companies that have been certified as B Corporations, or B Corps, have had their compliance with strict criteria for social and environmental performance, accountability, and openness evaluated by B Lab.
Who is B Corporation's owner?Three people, Jay Coen Gilbert, Bart Houlahan, and Andrew Cassoy, founded the Certified B Corporation Movement. Co-founders Jay and Bart established the basketball apparel and footwear business AND1. And1 was a prime example of what a socially conscious company may look like in the 1990s.
Certified B is what?The highest standards for social and environmental performance have been voluntarily met by a corporation known as a Certified B Corporation. These requirements are purposefully stringent in order to identify and reward industry leaders.
B Corp was initially formed from "benefit corporation," a type of corporate structure used in the US, but it now has many different meanings to different people.
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What does it mean when a company is B Corp?
purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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State and EXPLAIN three methods of paying workers
Answer:
three methods employers use to pay the employees are salary, commission, and hourly wage.
Explanation:
salary is a fixed amount that you get for working per month
commmission is getting a percentage of the total that you sell
hourly wage is getting paid for each hour that you work
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A good filing system shares all of the common characteristics of a _________.
a.
Highway -- files often travel to different destinations
b.
Database -- it must store information for easy access and retrieval
c.
Business -- each folder must have a unique structure to serve different clients
d.
Library -- all files, whether they are used or not, must be in one location
Answer:
I'm pretty sure that the answer is option b (Database).
For an employee working at a cash register of a convenient store, the arrival rate is
four per hour and the service rate is five per hour. What is the average utilization of
the employee (%)?
20
45
80
125
none of the choices are correct
Answer:
80
Explanation:
Utilization = arrival rate/service rate
4/5 = 0.8
0.8 as a percentage equals:
0.8*100 =80
80 is the average utilization of the employee. As Utilization = arrival rate/service rate like 4/5 = 0.8. Hence, option C is correct.
What is average utilization?Average Utilization is the result of dividing the daily average total exposure to the revolving facility for the period by the daily average total commitments to the revolving facility for that period to get the amount, expressed as a percentage.
A person can calculate the utilization rate by dividing the number of billable hours by the overall number of hours worked each day.
The basic formula is really simple: divide the total number of billable hours by the total number of available hours (x 100). A worker's utilization rate would be 80% if they invoiced for 32 hours of a 40-hour workweek.
Thus, option C is correct.
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You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7% per year forever. If the appropriate interest rate is 3%, then the value of this mining operation is closest to
Answer:
$100,000
Explanation:
Cash flow = $10,000
Interest rate = 3%
Growth = -7%
Value of this mining operation = Cash / (Rate - Growth)
Value of this mining operation = $10,000 / (3% -(-7%)
Value of this mining operation = $10,000 / 10%
Value of this mining operation = $10,000 / 0.10
Value of this mining operation = $100,000
what does CPI stand for and what is it used to measure?
Answer:
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Explanation:
Consumer Price Index
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.
Identify the following terms/phrase as either an accounting
(a) principle,
(b) assumption, or
(c) constraint.
The given term materiality is a (c) constraint.
The value or significance of information in financial statements is referred to as materiality. Materiality is a highly individualised term that depends on the unique circumstances of each situation. The general rule is that information is considered material, nonetheless if its exclusion or misstatement might affect the users of the financial statements' economic judgements.
According to the concept of materiality, accountants and auditors should concentrate on the financial data that is important and pertinent to those who will be using financial statements. They should make sure that this data is correct, comprehensive, and presented in a way that users can understand. To avoid overcrowding the financial statements with irrelevant details, they may also decide to delete or minimise the amount of detail of some information that is not material.
Complete Question:
Identify the following terms/phrase as either an accounting (a) principle, (b) assumption, or (c) constraint.
-Materiality
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identify an instance of indecision you had in the past 1-2 days. what barriers prevented you from making that decided? what do you think the likely outcomes would have been if you had made it? when are you going to make that decision again, and how do you want to approach it?
i helped my best friend
who is more important than anything for me
Select all that apply Manufacturing overhead ___
a. is directly traceable to units produced b. is an indirect cost c. contains fixed costs d. consists of many different types of costs
Manufacturing overhead is an indirect cost. Hence, option B is correct.
What is Manufacturing?Manufacturing overhead costs are the initial charges that a corporation incurs for things like the purchase of materials and indirect labeling. electricity, machinery, maintenance, factory supplies, insurance, etc.
This is often referred to as "factory overhead," and it refers to costs that are further recorded in the balance sheet or in the profit and loss statement and divided by the company's profit even if they have no direct bearing on manufacturing.
Thus, option B is correct.
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If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed costs are equal to
Answer:
$80,000
Explanation:
From marginal analysis concepts, the break-even point is determined using the formula.
Break-even in units = fixed cost / contribution margin per unit
For this firm,
break -even = 40,000 units
Contribution margin per unit = selling price - variable costs
=$6 - $4 =$2
Therefore:
40,000 = fixed costs/ $2
Fixed costs = $40,000 x 2
Fixed costs = $80,000
Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in
thousands of gallons:
Forecast
Method 1
Actual
Demand
Actual
Demand
Week
Forecast
Method 2
0.82
Week
1
0.90
0.72
1
0.72
2
1.02
1.00
2
1.19
1.00
3
0.92
1.00
3
0.92
-1.00
4
1.17
1.00
4
1.17
1.00
The MAD for Method 1 = thousand gallons (round your response to three decimal places).
MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
What is MAD and MSE?MAD( Mean Absolute Deviation) and MSE( Mean Squared Error) are the most commonly used forecast error measures. MAD is the average of the absolute errors and MSE is the average of the squared errors.
Solution:- Method 1 Week Method 1 Actual E E^2
1 0.9 0.7 0.2 0.04
2 1.05 1 0.05 0.0025
3 0.95 1 0.05 0.0025
4 1.2 1 0.2 0.04
0.5 0.085
MAD = sum of error/n
= 0.5/4
=0.125
MSE = sum of squared error/n
= 0.0.85/4
= 0.02125
Method 2 Week Method 2 Actual E E^2
1 0.8 0.7 0.1 0.01
2 1.2 1 0.2 0.04
3 0.9 1 0.1 0.01
4 1.11 1 0.11 0.0121
0.51 0.0721
Hence, MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
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Synopsis of money banking and financial markets fourth edition.
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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A supermarket brand is working to increase their online sales results and runs a campaign with the setup shown.
Campaign Objective: Conversions
Assets: Videos and images
Target: Males and females 18-45 years old
What should the media buyer do?
- Merge the ad sets and apply automatic placement
- Break ad set 3 into more placements and change the pixel event
- Remove ad sets 2 and 4 and create a traffic campaign
- Break the ad sets by gender with a gender-specific creative
The supermarket brand should merge the ad sets and apply automatic placement for their marketing i.e. option 1
The campaign measurement is considered to be the process of measuring the impact of one's marketing or advertising efforts against their campaign goals. So, here the media buyers tend to oversee the media buying process, which is with input from the media planning team.
However, with the understanding of the marketing goals and also target audience preferences which is given by the media planning team, media buyers tend to execute the actual purchase of the advertisement space.
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Which aspect of production planning might make use of a Gantt chart?
A.
routing
B.
loading
C.
scheduling
D.
dispatching
E.
inspection
Large businesses depend on small businesses why?
Answer:
Small businesses can signal emerging trends and needs to large businesses
Ellie is an internal Consumer Insights researcher for JumpBab, a company that makes children's game Apps for smart devices. In her research of marketing trends, she observes that the downloads for her Apps is positively related to the per capita consumption of goat cheese; and negatively related to the number of engine failures of Ford Fiesta cars in the USA. Excited at finding these interesting relationships between these variables, she declares to her Marketing Manager that "JumpBab should include mentions goat cheese in all our marketing communications, but really stay away from Ford Fiesta cars!" Despite the statistical soundness of the data, Ellie's Marketing manager scoffs at her suggestion. This is likely because:
Answer: a. Ellie has most likely tapped into an illusionary correlation in her data.
Explanation:
Illusionary Correlation is a phenomenon in Psychology and Statistics where during the course of research, the researcher perceives a relationship to exist between the variables due to seemingly statistically significant findings when no such relationship actually exists.
The problem is that since such correlations are usually rare, they are easier to discover and fixate on.
The likelihood of children apps being influenced by goat cheese and the number of engine failures of Ford Fiesta cars in the USA would make quite a number of people scoff which is why her manager was skeptical.
7. Which of the following people is required to file taxes? *
Answer:
what you will be when grow up?
A strength of Enterprise's Generation X managers is likely to be their _____
Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
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