The following information applies to the questions displayed below during april, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. of these transferred units, 81,000 were in process in the production department at the beginning of april and 324,000 were started and completed in april. april's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. at the end of april, 103,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. the production department had $1,434,675 of direct materials and $1,002,573 of conversion costs charged to it during april. also, its beginning inventory of $287,867 consists of $222,485 of direct materials cost and $65,382 of conversion costs. using the fifo method, prepare the direct materials cost and the conversion cost per equivalent unit and assign april's costs to the department's output. (round "cost per eup" to 2 decimal places.

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Why is efficiency an important economic goal?