In a Particular Department,8,200 Units Were Started and All but 800

question 67

Multiple Choice

In a particular department,8,200 units were started and all but 800 were completed at the end of the period.These 800 were 80% complete for materials and 30% for conversion costs.Costs added were $55,400 for materials and $52,100 for conversion costs.What is the total number of equivalent units for direct materials?

• A)8,040
• B)8,840
• C)7,640
• D)7,400

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Definitions:

Ed

A common abbreviation for price elasticity of demand, which measures how much the quantity demanded of a good responds to a change in its price.

Total Revenues

The total amount of money generated by a business from the sale of goods and services before any costs or expenses are deducted.

Unit Elasticity

Unit elasticity refers to a situation where a change in the price of a good or service results in a proportionally equal change in the quantity demanded or supplied, indicating a unitary elasticity of demand or supply.

Maximum Total Revenue

The highest possible earnings that a firm can achieve from the sale of goods or services, typically found by optimizing price and quantity sold.