Becker Bikes manufactures tricycles. The company expects to sell 420 units in May and 550 units in June. Beginning and ending finished goods for May is expected to be 130 and 95 units, respectively. June’s ending finished goods is expected to be 105 units. Each unit requires 3 wheels at a cost of $12 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 520 units.
Compute Becker’s direct materials purchases budget with respect to wheels for May and June
Answers
Becker's direct materials purchases budget for wheels in May would be: (420 + 20% of 550 - 130) units * 3 wheels * $12 per wheel.
For June, the budget would be: (550 + 20% of 520 - 105) units * 3 wheels * $12 per wheel.
Becker's direct materials purchases budget with respect to wheels for May and June.
1. Calculate the number of units to be produced for each month:
- May: (Ending finished goods - Beginning finished goods) + Expected sales = (95 - 130) + 420 = -35 + 420 = 385 units
- June: (June's ending finished goods - May's ending finished goods) + Expected sales = (105 - 95) + 550 = 10 + 550 = 560 units
2. Calculate the number of wheels required for each month's production:
- May: Units produced * Wheels per unit = 385 * 3 = 1,155 wheels
- June: Units produced * Wheels per unit = 560 * 3 = 1,680 wheels
3. Calculate the required ending inventory of wheels for each month:
- May: June's production units * Wheels per unit * 20% = 520 * 3 * 0.20 = 312 wheels
- June: July's production units * Wheels per unit * 20% = (not required for the problem)
4. Calculate the beginning inventory of wheels for each month:
- May: June's ending inventory (from step 3) = 312 wheels
- June: May's ending inventory (from step 3) = 312 wheels
5. Compute Becker's direct materials purchases budget for wheels for each month:
- May: (Required wheels for production + Desired ending inventory) - Beginning inventory = (1,155 + 312) - 312 = 1,155 wheels
- June: (Required wheels for production + Desired ending inventory) - Beginning inventory = (1,680 + 312) - 312 = 1,680 wheels
Therefore, Becker's direct materials purchases budget for wheels is 1,155 wheels for May and 1,680 wheels for June. The cost for each wheel is $12, so the budgeted cost for May is $13,860 and for June is $20,160.
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Related Questions
The opportunity cost of attending university is likely to include all except which of the following?
a) the cost of haircuts received during the school term
b) the income you forgo in order to attend classes
c) tuition fees
d) the cost of required textbooks
Answers
The opportunity cost of attending university encompasses various factors that represent potential benefits given up while pursuing higher education. However, among the options provided, the cost of haircuts received during the school term (option a) is not part of the opportunity cost.
Option b, the income you forgo to attend classes, is a significant component of the opportunity cost. When students attend university, they often give up full-time employment or limit their work hours, which results in lost potential earnings.
Option c, tuition fees, is another element of the opportunity cost. To attend university, students usually have to pay for their education, which could be spent on alternative investments or consumption if they decided not to pursue higher education.
Lastly, option d, the cost of required textbooks, contributes to the opportunity cost. Purchasing textbooks is necessary for most university courses, and the funds spent on them could be allocated to other uses if a student chose not to attend university.
In summary, the opportunity cost of attending university consists of the income forgone to attend classes, tuition fees, and the cost of required textbooks. However, the cost of haircuts during the school term is not part of the opportunity cost, as it is an unrelated personal expense.
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Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
Answers
Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league
One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.
Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.
In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.
The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.
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Talk to a 40-year-old business professional with a family that includes a spouse and children. This person can be a family member, friend, or mentor. List and describe the savings, investments and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
If you do not answer and put a blank answer I will report
Answers
The financial planning will differ for the person according to their age. A person who is 40 years older would have money only from his savings. The 40-year-old person is retired and would only have money available for living from the saving he had made while he was working.
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old-aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies change for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic and has the ability to work part-time along with his routine job to earn extra money.
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Using the Rule of 70, assume it takes 5.8 years for the initial value to double. What is the growth rate?
Answers
The growth rate, calculated using the Rule of 70, is approximately 12.07%. The Rule of 70 is a simplified formula used to estimate the time it takes for a variable to double based on its growth rate.
The formula is as follows: Doubling Time = 70 / Growth Rate In this case, we are given that it takes 5.8 years for the initial value to double. To find the growth rate, we can rearrange the formula: Growth Rate = 70 / Doubling Time Substituting the given values: Growth Rate = 70 / 5.8 ≈ 12.07% Therefore, the growth rate is approximately 12.07%. The Rule of 70 is an approximation that assumes constant exponential growth. It is derived from the mathematical concept of compound interest. The number 70 is chosen because it is a convenient approximation of the natural logarithm of 2, which is approximately 0.693. The Rule of 70 is often used for quick estimations and provides a reasonable approximation for moderate growth rates. In this case, the growth rate of approximately 12.07% indicates that the initial value doubles every 5.8 years.
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the market price of a stock is $54.50 and it just paid $5.28 dividend. the dividend is expected to grow at 3.82% forever. what is the required rate of return for the stock? g
Answers
The required rate of return for the stock is 3.92%.
Market Price = $54.50.
Dividend per share = $5.28.
Dividend growth rate = 3.82%.
We are to determine the required rate of return for the stock.
Here is how to solve the problem: Using the constant growth rate model for stock valuation, we can obtain the required rate of return as follows: P₀ = D₁ / (r - g), where:
P₀ is the current market price of the stock,
D₁ is the next year's expected dividend per share,
r is the required rate of return, and
g is the dividend growth rate.
Using the values given, we can find the required rate of return (r) as follows:
P₀ = $54.50
D₁ = $5.28 × (1 + 3.82%) = $5.48
r = ?
g = 3.82%
Substituting the values in the equation above, we get:
54.50 = 5.48 / (r - 3.82)
Multiplying through by (r - 3.82), we get:
54.50 × (r - 3.82) = 5.48
Dividing both sides by 54.50, we get:
r - 3.82 = 5.48 / 54.50
Simplifying the right-hand side, we have:
r - 3.82 = 0.10036764
Adding 3.82 to both sides, we get:
r = 3.92036764
Therefore, the required rate of return for the stock is 3.92% (rounded to two decimal places).
Answer: The required rate of return for the stock is 3.92%.
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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answers
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
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On January 22, Shamrock Corporation issued for cash 19,000 shares of no-par common stock at $20. On February 14, Shamrock issued at par 8,000 shares of 5%, $50 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 21,000 shares of preferred 5% stock, $50 par at $56.
Journalize the entries to record the January 22, February 14, and August 30 transactions.
Answers
The Journal-entry are as follows :
January 22 : Cash 380,000, Common Stock 380,000
February 14 : Cash 400,000, Preferred Stock 400,000
August 30 : Cash 1,176,000, Preferred Stock 1,050,000, Additional Paid-in Capital 126,000.
On January 22, Shamrock Corporation issued 19,000 shares of no-par common stock at $20 per share, resulting in a total cash-inflow of $380,000. The entry records an increase in cash and common stock.
On February 14, Shamrock Corporation issued 8,000 shares of preferred stock with a par value of $50 per share for cash. The total cash inflow is $400,000, and the entry records an increase in cash and preferred stock.
On August 30, Shamrock Corporation issued 21,000 shares of preferred stock with a par value of $50 per share at a price of $56 per share. The total cash inflow is $1,176,000.
The entry records an increase in cash, preferred stock, and additional paid-in capital. The additional paid-in capital represents the excess amount received above the par value of the preferred stock.
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Identify each statement as true or false.
a. When two countries choose to partake in international trade, it is a mutually beneficial activity for both countries.
1. True
2. False
b. Wealthier countries always benefit more from international trade than poorer countries.
1. True
2. False
c. Countries trade for goods in which they do not have a comparative advantage, and therefore, would never trade with nations that have similar resource endowments.
1. True
2. False
d. Through specialization and trade, it is possible for a country to consume a combination of goods that is beyond its original production possibilities frontier.
1. True
2. False
Answers
Answer:
true water and the other day and the other
if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance
Answers
Explanation:
the balance is $2343.98
How do you define success?
Answers
Answer:
if ur happy then ig I could say ur successful
if made it to the top I could say ur successful
if u reached the destination if ur dream I would say ur successful
Calculating NPV. For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9 percent, should the firm accept this project? What if the required return was 21 percent?year cash flow0 -168,5001 86,0002 91,0003 53,000
Answers
At a required return of 9%, the NPV of the cash flows is $9,114.79, indicating that the firm should accept the project. The NPV of the cash flows is -$9,197.20, indicating that the firm should reject the project.
To calculate the NPV of the cash flows, you can use the formula: NPV = CF0/(1+r)^0 + CF1/(1+r)^1 + CF2/(1+r)^2 + CF3/(1+r)^3, where CF represents the cash flow in each year, r represents the required return, and the superscript represents the year. At a required return of 9%, the NPV of the cash flows is calculated as -168,500/(1+0.09)^0 + 86,000/(1+0.09)^1 + 91,000/(1+0.09)^2 + 53,000/(1+0.09)^3 = $9,114.79. Since the NPV is positive, the project is expected to generate a return higher than the required return and should be accepted. At a required return of 21%, the NPV of the cash flows is calculated as -168,500/(1+0.21)^0 + 86,000/(1+0.21)^1 + 91,000/(1+0.21)^2 + 53,000/(1+0.21)^3 = -$9,197.20. Since the NPV is negative, the project is expected to generate a return lower than the required return and should be rejected. The NPV decision rule helps businesses evaluate investment opportunities based on their expected returns and risks.
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Ali’s company is being helped by the _____ role of the government.
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Answer:
economic role (managing economic conditions)What are the steps for using the Evaluate Formula feature?
1. Select the cell with the formula you want to evaluate.
2. Click the
tab on the ribbon.
3. In the
group, click
.
4. Click Evaluate or
to start the process.
Answers
Answer:
Formulas
Formula auditing
evaluate formula
step in
Explanation:
just did it :)
Answer:
1) Formulas
2) Formula Auditing
3) Evaluate Formula
4) Step in
Explanation:
HOW TO USE THE EVALUATE FORMULA FEATURE:
1. Select the cell with the formula you want to evaluate.
2. Click the ✔ Formulas tab on the ribbon.
3. In the ✔ Formula Auditing group, click ✔ Evaluate Formula .
4. Click Evaluate or ✔ Step In to start the process.
What are the three basic functions of money ?
Answers
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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A balance sheet consists of two parts: sources of funds (credits) and applications of funds (debits).
Sources of funds are liabilities and equity.
Answers
A balance sheet consists of two parts: credits (sources of funds) and debits (applications of funds), representing the financial position of a company at a given time.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It consists of two main parts: sources of funds, which are represented as credits, and applications of funds, which are represented as debits.Sources of funds represent where the company's money comes from, such as equity, loans, or retained earnings. These credits indicate the liabilities and owner's equity of the company.
On the other hand, applications of funds show how the company uses its resources. These debits represent the company's assets, including cash, investments, inventory, property, and equipment.By comparing the credits and debits on the balance sheet, one can assess the financial health and stability of a company, as well as its ability to meet its obligations and invest in future growth.
Therefore, A balance sheet consists of two parts: credits (sources of funds) and debits (applications of funds), representing the financial position of a company at a given time.
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can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation:
.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
Answers
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
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When consumed, many goods and services have an impact on other people not using the product. which word describes this impact?
Answers
The substitution effect is defined as the outcome of consuming various goods and services on those who do not use them.
What do you understand about the Substitution effect?The substitution effect is the decline in product sales that results from customers switching to less expensive substitutes when the product price increases. Alternately, the term "substitution effect" describes the shift in demand for a commodity brought on by a change in the price of the well relative to other substitutes. For instance, when beef costs increase people tend to buy more chicken or turkey. Customers purchase store-brand coffee in response to an increase in the price of premium coffee at a coffee shop. Consumers choose generic substitutes as designer prescription drug prices rise.
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define finance education for class 8
Answers
In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
Answers
The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.
Calculation of the total revenue:We know that
Profit is $5,456,963
And, expenses is $2,456,654
We know that
Profit = Revenue - Expenses
$5,456,963 = Revenue - $2,456,654
So, the revenue is
= $5,456,963 + $2,456,654
= $7,913,617
Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.
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jonesville produces widgets an gadgets, and its ppc is linear. it takes 5 hours of labor to produce a gadget and 10 hours of labor to produce a widget. suppose that jonesville has 100 hours of labor. what is the maximum number of widgets it can produce?
Answers
20 widgets
What is widgets?
A software widget is an application or component designed for one or more software platforms that is quite straightforward and simple to use. A desk tool or applet is an illustration of a straightforward, standalone user interface, as opposed to a more intricate application like a spreadsheet or word processor.
In order to quickly access specific information from apps without having to launch the program itself, widgets can be placed to your phone's home screen. The Calendar widget is one example, which provides you with a quick glance of the events on your calendar without requiring you to open the Calendar application.
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When the president of Smithson Corp. proposed a new product for launch, his board of directors readily accepted his proposition without considering the risks. This is an example of _____.
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If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
What is groupthink?Groupthink occur when a group of people tend to all accept a conclusion or an opinion that was made without considering whether the viewpoint they accepted was risky or good.
Based on the given scenario the board of directors accepting the new product that was independently proposed by the president without considering the risks is an example of groupthink.
Inconclusion If the board of directors readily accepted his proposition without considering the risks. This is an example of groupthink.
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he process through which labor and management negotiate conditions of employment for union-represented workers is referred to as .
Answers
The process through which labor and management negotiate conditions of employment for union-represented workers is collective bargaining.
Collective bargaining is the negotiation between the management and the employees on conditions of employment. Collective bargaining is done by the union of the workers or a group of employees. The bargaining is based on the interest of the employees related to wages, time, safety, overtime, health, insurance, and rights.
Collective bargaining could be addressed either by a single employer or the management of employers based on the industry-wide agreement of a country. It plays a crucial role in drafting the labor contract between the employer and the employees. In the United States, the National Labor Relations Act of 1935 ensures every worker has union rights.
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Suppose you and your friends decide to go to the beach during spring break. you need to fly from kansas city to miami the service. this market is best characterized as ___.
Answers
Let's say you and your friends decide to go to the beach for spring break. You need to fly a service from Kansas City to Miami. this market is best characterized as an oligopoly.
Some of the most prominent oligopolies in the United States are film and television production, recorded music, wireless carriers and airlines. From the 1980s onwards, it became common for the industry to be dominated by two or three of his companies. Merger agreements between major players have led to industry consolidation.
An oligopoly market is a market dominated by a few suppliers. They are found in all countries and in various industries. Some are competitive oligopolistic markets, while others are significantly less competitive, or at least appear to be.
High barriers to entry, pricing power, non-price competition, interdependence of firms, and product differentiation are all hallmarks of an oligopoly.
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What is one way to prepare for a job shadowing experience?
Find directions to the shadowing location five minutes before you leave.
Look over recent news about the company.
Make sure to wear a lot of cologne or perfume.
Wear clothing that is casual to ensure you are comfortable.
Answers
Answer: Look over recent news about the company.
Explanation: I took the test and got it right. :D
Answer:
B
Explanation:
Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS
Answers
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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In a competitive industry, suppose the marginal revenue product (MRP) of the last doughnut baker hired is $35, the MRP of the last bagel baker hired is $15, and a bakery must pay doughnut bakers $40 a day and bagel bakers $10 per day. To maximize profits the bakery should hire:
Answers
Answer:
The bakery should hire fewer doughnut bakers and more bagel makers to maximize profits.
Explanation:
From the question, we have:
MRP of the last doughnut baker hired = $35
MRP of the last bagel baker hired = $15
Cost of doughnut bakers per day = $40
Cost of bagel bakers per day = $10
Decision criteria are that:
1. When the MRP is greater than Cost per day, hire more.
2. When the MRP is less greater Cost per day, hire fewer.
Since from the above, we have:
1. MRP of the last doughnut baker hired < Cost of doughnut bakers per day => $35 < $40
2. MRP of the last bagel baker hired > Cost of bagel bakers per day => $15 > $10
Therefore, the bakery should hire fewer doughnut bakers and more bagel makers to maximize profits.
monitoring other expense cost per guest is especially useful when an a. operation's variable costs exceed its fixed costs. b. operation's fixed costs exceed its variable costs. c. operation collects revenue on a daily basis. d. an operation does not collect revenue on a daily basis.
Answers
Monitoring Other Expense Cost Per Guest is especially useful when an operation's variable costs exceed its fixed costs.
Variable costs are expenses that alter when the volume of an item or service a company produces fluctuates. The total of marginal costs across all units produced represents variable costs. They might be regarded as typical expenses as well.
Total cost is divided into two parts: fixed costs and variable costs. Costs that are directly related to a certain cost object are known as direct costs. But not every variable cost is a direct expense. Overhead and direct labour are sometimes referred to as conversion costs, but prime costs are frequently used to describe direct material and direct labour.
Hence the correct option is A.
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Question in attachment
