Acompany uses a process cost accounting system and the fifo inventory valuation method. its assembly department's beginning inventory consisted of 50,000 units, three-fourths complete with respect to direct labor and overhead. the department started and finished 127,500 units this period. the ending inventory consists of 40,000 units that are one-fourth complete with respect to direct labor and overhead. all direct materials are added at the beginning of the process. goods in process included direct labor costs of $24,000 and overhead costs of $32,000 for the period. the direct labor cost per equivalent unit is: a. $0.126b. $0.160c. $0.178d. $0.213e. $0.373

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

Which (if any) of the following scenarios is the result of a natural monopoly? instructions: you may select more than one answer. a. patent holders of genetically modified seeds are permitted to sue farmers who save seeds from one planting season to the next. b. doctors in the united states are prohibited from practicing without a medical license. c. there is one train operator with service from baltimore to philadelphia. d. coal is used as the primary energy in a country with abundant coal deposits.