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High-cost materials refer to raw materials or components that have a significant price due to factors such as scarcity, quality, or specialized manufacturing processes. Examples include precious metals like gold and platinum, advanced composites used in aerospace, and certain specialized plastics or ceramics. The high cost can impact the overall pricing of products and influence decisions in engineering, construction, and manufacturing sectors. Businesses often seek alternatives or efficiencies to mitigate these costs while maintaining quality.
What else can I help you with?
How to compute the cost per unit for direct materials and for conversion costs?
The unit cost for direct materials is computed by adding the materials cost in the beginning work in process inventory to the materials cost for the month divided by the total equivalent production figure.Conversion cost per unit is computed by adding direct labor and factory overhead divided by the total equivalent production figure.
Is the cost of direct materials classified as a conversion cost?
No, Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
Is it true that the balance at the end of the period in the materials account represent the cost of materials on hand?
sure
Is indirect materials factory a fixed or variable cost?
no
Are indirect materials variable or fixed cost?
Indirect
What is limited amount and high cost of diamonds a example of?
High cost, limited materials are usually rare.
What should the relationship of material cost to labor cost be?
multiply the cost of labor by the cost of materials. add the cost of labor and materials. subtract the cost of labor from materials. divide the cost of labor by the cost of materials. which one is correct
What are high cost input?
High-cost inputs refer to resources or materials that require a significant financial investment for production or operation. These can include raw materials, specialized labor, advanced technology, and equipment. Businesses must carefully manage these costs, as they can impact profitability and pricing strategies. Effective utilization and sourcing of high-cost inputs are crucial for maintaining competitive advantage and operational efficiency.
Why is there a high cost for a Georg Jensen Bracelet?
Georg Jensen bracelets have a high price because they are made from high-quality materials. They are also make by top designers which increases the price.
What were two problems of reconstruction?
High taxes and the black codes High cost of raw materials and lack of cheap skilled manpower were the two problems of the reconstruction governments.
What were two problems of reconstruction government?
High taxes and the black codes High cost of raw materials and lack of cheap skilled manpower were the two problems of the reconstruction governments.
Why was the cost to build Yankee Stadium so much?
Today, costs of building materials are high and to make a nice new stadium that'll last a while, it cost tons of money.
What are the direct and hidden costs in material management?
A direct cost for material management would be the cost of the materials themselves. A hidden cost would be the cost to ship the materials or to store the materials until they are needed for production.
How much do CHEVACHI watches cost?
Prices start at around $180 and go as high as $50,000.00 depending on model , materials, and limited quantities.
How much do CHEVACHl watches cost?
Prices start at around $180 and go as high as $50,000.00 depending on model , materials, and limited quantities.
What percent of a new home cost is materials?
That depends upon the quality of the materials My addition that I built was quoted at about 1/3 cost being materials
What materials are used to build a magnet?
Materials with high coercivity and high retentivity.
