Carolwood company manufactures widgets and uses process costing. the status of the beginning and ending inventory is: beginning inventory 30% of the manufacturing process is complete ending inventory 55% of the manufacturing process is complete direct materials are added to the manufacturing process in stages. none are added when production begins. approximately half of the materials are added when the product is 25% complete. the other half are added when the product is 50% complete. the percentages complete of beginning inventory and ending inventory with respect to direct materials (dm) and conversion costs (cc), respectively, are:

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan