Answer:
$175,000
Explanation:
Conversion costs are production costs that must be incurred in order to change raw materials into products.
Therefore, we have:
Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000
Answer:
The correct answer is letter "A": innovative.
Explanation:
Innovative changes allow companies to use new strategies and technologies to improve the efficiency of their operations. Sometimes those changes are processes or technological devices created by the company itself while in other cases they are adopted from other entities with similar approaches and accomplish almost the same goal.
Answer:
(D) 7 percent
Explanation:
Nominal interest rate is approximately equal to real interest rate + inflation rate
= 4% + 3%
= 7%.
Thus, the minimum nominal interest rate that Kaitlin would be willing to accept from her local bank is 7%.
Often times the currency used is the currency of the seller.
Answer:
Option (D) is correct.
Explanation:
Given that,
Began July with a finished-goods inventory = $48,000
Finished-goods inventory at the end of July = $56,000
Cost of goods sold during the month = $125,000
Cost of goods manufactured during July:
= Ending finished goods inventory + Cost of goods sold - Beginning finished goods inventory
= $56,000 + $125,000 - $48,000
= $133,000
