The charges to work in process—baking department for a period as well as information concerning production are as follows. the baking department uses the average cost method, and all direct materials are placed in process during production. work in process—baking department bal., 2,100 units, 60% completed 4,830 to finished goods, 15,100 units ? direct materials, 15,300 units 51,408 direct labor 25,265 factory overhead 13,015 bal., 2,300 units, 40% completed ? if required, round cost per equivalent unit answer to two decimal places. a. determine the number of whole units to be accounted for and to be assigned costs. units b. determine the number of equivalent units of production. units c. determine the cost per equivalent unit. $ per equivalent unit d. determine the cost of the units transferred to finished goods. $ e. determine the cost of units in ending work in process. $

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?