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Conversion cost is total of: Options Direct material and direct wages Direct material, direct wages, and production overheads Direct wages and production overheads. None of the above
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What is 199.01 plus 7 tax?
If an item costs $199.01 and will incur 7% sales tax, the cost with tax will be a total of $212.94. The 7% tax is equal to $13.93.
What conversion is equal to 700 kilograms?
700 kilograms is 1,543.2 pounds.
What does breakeven point mean?
Breakeven Analysis is the process of categorizing costs of production between variable and fixed components and deriving the level of output at which the sum of these costs, referred to as total costs per unit become equal to sales revenue. The analysis helps to determine the 'Breakenev Point' from this point of equality of sales revenue with total costs. At the breakeven point, the production activity neither generates a profit nor a loss. Breakeven analysis is used in production management and Management Accounting.
What is 2000 millimeters equal for meters?
2000 millimeters is equal to 2 meters, the conversion is that 1 cm= 10mm and 1m=100cm.
Is IS2062 Grade B material equal to IS2062 Grade-2?
Good one material
What do you call when total revenues equal total costs?
Breakeven.
When the economic best is achieved when total benefits of an activity are equal to total costs?
ture
What does a total costs equal?
TC=x^2-40x=405
Can total revenues and total variable costs be exactly equal?
Yes. Actually this means the company has zero gross profit. If on top of variable costs, there are fixed costs, the company will turn a loss.
What is happening to average total costs when they equal marginal cost?
That is were u now got your total cost
What are examples of total costs?
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.
What are total cost of production examples?
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.
What conditions exist for a company to break even?
When total costs and total revenues are equal, the business organization is said to be breaking even.
What is a BEP?
A BEP is a break-even point, the point at which total costs equal total revenue and the organization neither makes a profit or a loss.
Does prime cost plus conversion cost equal the cost of manufacturing?
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
Must a conversion fraction equal one?
No. It would be very unusual for a conversion factor to equal one.
