Which of the following statements correctly describes the term "conversion costs"?
A) the cost to convert finished goods to sales to customers
B) the cost incurred for direct and indirect materials during production
C) the cost of direct materials, direct labor, and manufacturing overhead costs incurred during production
D) the cost of direct labor combined with manufacturing overhead
D
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Which of the following is NOT an example of utilization review?
A) monitoring length of hospital stay B) ongoing inspection of accident prone individuals C) monitoring the appropriateness of care D) setting a hospital release date for a patient
A buyer purchased a house for the listed price of $180,000. After closing the buyer discovered the seller had taken the remote garage door opener and house keys. The buyer would have a valid claim to these items because they would MOST LIKELY be considered..
A. Fixtures B. Chattel (personalty) C. Emblements D. Trade fixtures