The Records of Andrews Company Reflect the Following Data: Work

question 2

Multiple Choice

The records of Andrews Company reflect the following data: Work in process,beginning of the month - 4,500 units;1 / 3 completed at a cost of $2,400 for materials,$825 for labor,and $3,000 for overhead.
Production costs for the month - materials - $20,695;labor - $13,050;overhead - $41,500
Units completed and transferred to finished goods - 35,000
Work in process,end of month - 3,000 units;3 / 4 completed
Compute the equivalent units of production.

• A)32,750
• B)37,250
• C)38,000
• D)36,500

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Definitions:

Relative Price

Relative Price is the price of one good or service compared to another, usually reflecting its value in terms of another item rather than its absolute price in currency.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price point.

Marginal Utility

The heightened satisfaction or value achieved by consuming one additional unit of a product or service.

Criminal Behavior

Conduct by an individual that violates societal laws and is subject to sanctions and legal penalties.