Conversion costs are made up of ________
a. direct labor and factory overhead
b. factory overhead and period costs
c. materials and labor
d. product costs and labor
a
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Companies that are growing fast and rely on software for deployment of their operations often hire the services of ASPs.
Answer the following statement true (T) or false (F)
Firms can elect the fair value option for the following items: (1) bonds held to maturity, (2) available-for-sale securities, and (3) cash flow hedges. Which of the following is/are true?
a. Applying the fair value option to investments in debt securities classified as held to maturity results in accounting for the investments as if they were a trading security, with changes in fair value recognized in income each period. b. Applying the fair value option to available-for-sale securities results in reporting unrealized gains and losses from remeasurement to fair value in net income as fair value changes, instead of initially in other comprehensive income. c. Applying the fair value option to cash flow hedges results in reporting unrealized gains and losses from remeasurement to fair value in net income as fair value changes, instead of initially in other comprehensive income. d. all of the above e. none of the above
It is anticipated that in the future, the U.S. workforce will exhibit
A. about the same demographic mix as it does today. B. an increase in ethnic diversity. C. a decrease in ethnic diversity. D. a decrease in the number of older workers.
Community stakeholders are concerned primarily with
A. repayment of principal. B. capital appreciation. C. product warranties. D. corporate citizenship behavior.