Answer:
Total equivalent units= 16,800
Explanation:
Giving the following information:
Beginning inventory= 1,100 units 80% complete
Units produced= 10,500 units
Ending WIP= 10,500 60% complete
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Beginning inventory= 0
Units completed in the period= 100%
Ending inventory WIP= units*completion
<u>In this exercise:</u>
Beginning inventory= 0
Units completed in the period= 10,500
Ending inventory WIP= 10,500*0.6
Total equivalent units= 16,800
Answer:
1. (C.) Not excludable and not rival in consumption.
2. (D.) Not excludable and rival in consumption.
3. True
Explanation:
At first, the wireless, high-speed Internet provided for free in the airport of the city of Communityville is not not excludable and not rival in consumption as only a few people are using it, thereby making it a public good.
Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now the service is still not excludable but rival in consumption.
However, one possible way to solve the problem that arises from the increased usage is to charge a fee for using this service, which now makes it excludable.
Plant layout is important for any manufacturing company. It refers to a planned design for the arrangement of all the physical facilities that might be required in the manufacturing process of any product. The physical facilities such as equipments, tools should be arranged in such a way that these are easily available and flow of raw materials take place in the quickest and lowest rates.
A company for the manufacture of locomotives is likely to use Fixed Position Layout in its manufacturing process. In fixed position layout the product which is being produced is fixed at one loaction.
