Crafton Corporation Crafton Corporation Has the Following Information for the Current

question 43

Multiple Choice

Crafton Corporation Crafton Corporation has the following information for the current month:
All materials are added at the start of the production process.Crafton Corporation inspects goods at 75 percent completion as to conversion.
Refer to Crafton Corporation.What are equivalent units of production for material assuming weighted average is used?

• A)107,000
• B)116,500
• C)120,000
• D)115,000

---

Definitions:

Negative Income Tax

Cash payments by the government to the poor—an income tax in reverse. The cash payments decrease as income levels increase.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment.

Poverty Rate

The percentage of the population that lives below the national poverty line, reflecting the portion of the community considered to be living in financial hardship.

Charles Murray

An American political scientist and author known for his works on intelligence and social policy.