Business, 18.09.2019 05:20 lizsd2004

Direct materials for a company were $500,000; manufacturing overhead was $250,000; and direct labor was $770,000. conversion costs would totala) $1,020,000.b) $1,270,000.c) $1,520,000.d) $750,000.

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Answer from: famouzgal

A) $1,020,000

Explanation:

Conversion cost = All the cost incurred to convert raw material into finished goods, this only includes direct labor cost and manufacturing cost.

Thus, here as for provided information,

Manufacturing overhead = $250,000

Direct Labor = $770,000

Thus, conversion cost = $250,000 + $770,000 = $1,020,000

Conversion cost is the cost of efforts made to convert raw material to finished goods, but it does not include raw material cost.

A) $1,020,000

Answer from: sanociahnoel

conversion cost of the compnay is $1020000

Explanation:

Given data:

Direct material = $500, 000

Manufacturing overheads = $250,000

Direct labor cost = $770,000

conversion cost is given as

conversion cost = direct labor cost + manufacturing overheads

PUTTING ALL VALUE TO GET CONVERSION COST VALUE

conversion cost = 770000+250000 = $1020000

thereforer conversion cost of the compnay is $1020000

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

a is the correct answer, tell me if im right

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