Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (2,000 units, 100% complete with respect to
direct materials, 80% complete with respect to direct labor and overhead; includes
$45,000 of direct material cost, $25,600 in direct labor cost, $30,720 overhead cost) $101,320

Units started in April 28,000
Units completed and transferred to finished goods inventory 23,000
Work in process inventory, September 30 (units, 100% complete with respect to
direct materials, 40% complete with respect to direct labor and overhead) ?
Costs incurred in September
Direct materials $375,000
Conversion $341,000

Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing.

The number of physical units that were transferred out and the number that are in ending work in process inventory.

Units Reconciliation:
Units to account for:
Total units accounted for :
Total units accounted for :

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

The simple interest in a loan of $200 at 10 percent interest per year is

Acoase solution to a problem of externality ensures that a socially efficient outcome is to