Answer the Following Questions Using the Information Below

question 53

Multiple Choice

Answer the following questions using the information below:
The Lumbar Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar.
-What were the equivalent units for materials for February?

• A)190,000 chairs
• B)170,000 chairs
• C)160,000 chairs
• D)150,000 chairs

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Definitions:

Marketing Opportunities

Situations or conditions favorable for reaching specific marketing objectives or introducing new products or services.

Demographic Trends

Patterns and changes in population characteristics over time, such as age, gender, and ethnicity.

Self-Concept Attachment

The degree to which a consumer identifies with a product or brand as a reflection of their own identity or personal values.

Interdependence

A mutual reliance among individuals or groups, where actions or decisions of one party can significantly impact others.