Assume a Company's Beginning Work in Process Consists of 20,000

question 82

Multiple Choice

Assume a company's beginning work in process consists of 20,000 units, 40% complete. Materials are added at the beginning of the process. During the month, 90,000 units are transferred in. The ending work in process consists of 10,000 units, 50% complete. Under the standard cost method, the equivalent units of production are

• A) 90,000/90,000/97,000
• B) 110,000/100,000/105,000
• C) 110,000, 92,000/105,000
• D) 90,000/100,000/105,000

Analyze the impact of aggregate demand and supply shifts on equilibrium in the short run and long run.

Recognize the factors that influence long-run aggregate supply and demand, including technological changes and resource availability.

Understand the concept of potential output and how it is affected by economic factors.

Interpret the effects of beneficial and adverse supply shocks on the economy.

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