Answer the Following Questions Using the Information Below

question 23

Multiple Choice

Answer the following questions using the information below:
The Sleepyhead Chair Company manufactures a standard recliner.During February,the firm's Assembly Department started production of 75 000 chairs.During the month,the firm completed 85 000 chairs and transferred them to the Finishing Department.The firm ended the month with 10 000 chairs in ending inventory.All direct materials costs are added at the beginning of the production cycle.Weighted-average costing is used by Sleepyhead.
-What were the equivalent units for materials for February?

• A)95 000 chairs
• B)75 000 chairs
• C)80 000 chairs
• D)85 000 chairs

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Definitions:

Portfolio

A collection of investments, projects, or products held by an individual or an organization, designed to reduce risk and maximize returns.

Cash Flow

The net amount of cash being transferred into and out of a business, crucial for maintaining operations.

Core Purpose

The Core Purpose represents the fundamental reason a company exists beyond making a profit, often reflecting its long-term vision and values.

Visionary Goal

A long-term, aspirational goal set by a company or organization, aiming to guide its progress and inspire stakeholders towards overarching ambitions.