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Equivalent Units and Command Economy

19. A company's fabricating department reports the below operating data for this month. What are the equivalent units of production for this month?

beginning inventory............... 0
Ending inventory (10% complete............. 10,000 units
Units started & Completed...................... 100,000 units

a. 100,000
b. 101,000
c. 109,000
d. 110,000

20. In a command system, economic decision making is carried out by which group?
a. Social Infrastructure Board (ISB)
b. Central Planning Board (CPB)
c. Central Economic Advisory Board (CEAB)
d. Workers Central Board (WCB)

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19. Because the fabricating department started with no inventory, the equivalent units transferred out and those in ending inventory must have been produced during the current month. Thus, the production during the moth is computed as ...

Solution Summary

19. A company's fabricating department reports the below operating data for this month. What are the equivalent units of production for this month?

Beginning inventory............................... 0 units
Ending inventory (10% complete............. 10,000 units
Units started & Completed.....................100,000 units

a. 100,000
b. 101,000
c. 109,000
d. 110,000

20. In a command system, economic decision making is carried out by which group?
a. Social Infrastructure Board (ISB)
b. Central Planning Board (CPB)
c. Central Economic Advisory Board (CEAB)
d. Workers Central Board (WCB)

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