conversion
cost that cannot be recovered is called
SUNK COST, also known as Retrospective Cost is a cost that has already been incurred and cannot be recovered. These costs are contrasted with prospective costs, which are future costs that maybe avoided if actions are taken.
Question 13 Deleted data from the registry cannot be recovered. True False Question 14 The registry is only present on Windows machines. rue False
Question 13 Deleted data from the registry cannot be recovered. True False Question 14 The registry is only present on Windows machines. True False Question 15 All data in the registry is in binary format. True False
True or False: direct material and direct labor are called conversion costs
5. Compute the equivalent units of production for conversion. 6. What is the cost of beginning work in process inventory plus the cost added during the period for materials? 7. What is the cost of beginning work in process inventory plus the cost added during the period for conversion? 8. What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Clopack Company manufactures one product that goes through one processing department called Mixing. All...
1) A cost that has been incurred in the past, cannot be recouped, and is not relevant to future decisions is termed a a.replacement cost b.sunk cost c.period cost d.differential cost 2) The revenue that is forgone from an alternative use of an asset, such as cash, is called a.differential profit b.opportunity cost c.sunk cost d.differential revenue
The many users of accounting information are commonly called: A. Creditors B. Stakeholders C. Conversion Agents D. CPA's
A factor of production that cannot be easily changed in the relevant time period is called a A. variable input. B. shortminus−run factor. C. fixed input. D. production anchor.
8. The process of conversion of ammonia into to nitrate is called (a) Ammonification (c) N-fixation d) Nitrification 19. The N in dead organic matters can be used (b) directly by micorhizal fiung (c) Through nitrification (d) a+ b (e)a+e 20. The conversion of organic to inorganic forms is called (a) Denitrification (c) Nitrification (b) Decomposition (d) Mineralization 21. The leaves that could decompose slower are (a) Soft (d) Two of the above (b) tough (e) none of the above...
Calculate the cost per equivalent unit of material and conversion cost for January - using the Weighted Average Approach Units Materials Conversion Work in process January 1 2,500 50% 35% Work in process January 31 45% 25% Materials cost in work in process January 1 $25,000 Conversion costs in work in process January 1 $10,000 Units started in production 12,000 Units transferred to the next department 8,000 Materials cost added during January $20,000 Conversion costs added during January $7,500 Complete...
The cost of direct materials is classified as a: Conversion cost Prime cost A) No No B) Yes No C) No Yes D) Yes Yes Choice D Choice A Choice C Choice B