The principal-agentLOADING... problem arises almost everywhere in the business worldlong dashbut it also crops up even closer to home, such as the case of the college classroom. In this case, who is the principal and who is the agent?

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units