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Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Material costs were $38,220 for the month while conversion costs were $16,380. There was no beginning work-in-process; the ending work-in-process was 40% complete.
- What is the cost of the product that was completed and transferred to finished goods?
Celler-Kefauver Act
A U.S. law aimed at limiting anticompetitive mergers and acquisitions by restricting asset purchases and inter-corporate stock purchases.
Interlocking Directorates
A situation where the same individuals serve on the boards of directors of multiple companies, creating interconnectedness and potential conflicts of interest.
Antitrust Laws
Legislation (including the Sherman Act and Clayton Act) that prohibits anticompetitive business activities such as price fixing, bid rigging, monopolization, and tying contracts.
Anticompetitive Mergers
Mergers between companies that significantly reduce competition in the market, potentially leading to higher prices and reduced consumer welfare.
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