Super-Tech Industries Had the Following Department Information About Physical Units

question 28

Multiple Choice

Super-Tech Industries had the following department information about physical units and percentage of completion: $$\begin{array} { l c } & \text { Physical Units } \\\text { Work in process, June } 1(75 \%) & 8,000 \\\text { Completed and transferred out } & 22,000 \\\text { Work in process, June } 30(50 \%) & 12,000\end{array}$$ If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during June?

• A)19,000.
• B)34,000.
• C)36,000.
• D)28,000.

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Definitions:

Equilibrium Real GDP

The level of gross domestic product where aggregate supply equals aggregate demand at current prices, adjusted for inflation.

Marginal Propensity

Refers to the ratio of the change in an individual's consumption to the change in their income.

Disposable Income

Money available to households for personal spending and saving after deducting their income taxes.

Income-Expenditure Framework

An economic model describing the relationship between an economy's total income and the spending levels that determines its equilibrium output.