Answer the Following Questions Using the Information Below

question 51

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.
-Of the 75 000 units Sleepyhead started during February,how many were finished during the month?

• A)75 000
• B)95 000
• C)65 000
• D)85 000

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Definitions:

Equity Theory

A theory in social psychology that explains how individuals perceive and react to fairness or unfairness in distribution of resources within their interpersonal relationships.

Job Security

The assurance or probability that an individual will keep their job without the risk of becoming unemployed.

Equity Theory

A theory of motivation that suggests individuals assess their job satisfaction based on the ratio of inputs to outcomes, compared to others.

Market Price

The price at which an item or service is traded in the competitive marketplace.