Assume That 8,200 Units Were in Beginning WIP Inventory,34,500 Were

question 228

Multiple Choice

Assume that 8,200 units were in beginning WIP Inventory,34,500 were started,30,000 were completed,and 12,700 were in ending WIP Inventory.Direct materials are added at the beginning of the process.What are the total equivalent units for direct materials?

• A)42,700
• B)47,200
• C)38,200
• D)34,500

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Definitions:

Budget Constraint

A limit on the consumption choices of individuals or entities based on their income and the prices of goods and services, representing all possible combinations of goods and services that can be purchased.

Utility Function

A mathematical representation that ranks individuals' preferences over a set of goods and services to represent satisfaction levels.

Consumption Bundle

A combination of different goods and services that a consumer chooses to consume at a given time.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from purchasing and consuming an additional unit of a good or service.