Conversion costs consist of

A) direct materials costs and direct labor costs.
B) direct labor costs and overhead costs.
C) direct materials costs and overhead costs.
D) direct labor costs and indirect labor costs.


B

Business

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Josh Baker works for Jones Restaurant Supply all year and earns a monthly salary of $8,000. There is no overtime pay and Jones withholds income taxes at 12% of gross pay. Jones deducts $200 monthly for the co-payment of the health insurance premium. Employees are paid on the fifth day of each month. As of October, 31, Josh had $80,000 of cumulative earnings. Journalize the accrual of salaries expense on October 31. Omit explanations.

What will be an ideal response?

Business

When can employers legally screen applicants for drunk driving arrests?

a. when the applicant admits to being an alcoholic b. when driving is job-related c. anytime they like, since it is not a protected behavior d. when an applicant’s manner and appearance seem to indicate drinking problems

Business

A(n) ________ authorizes a third party to use a copyrighted work for a fee stipulated in the statute

A. compulsory copyright license B. compulsory license C. exclusive license D. statutory copyright license

Business

Combining two assets having perfectly positively correlated returns will result in the creation of a portfolio with an overall risk that ________

A) remains unchanged B) decreases to a level below that of either asset C) increases to a level above that of either asset D) lies between the asset with the higher risk and the asset with the lower risk

Business