Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows: Production DataâJuly Plant 1 T12-Tables Plant 2 C10-Chairs

Work in process units, July 1 0 0
Units started into production 24,400 19,520
Work in process units, July 31 3,660 610
Work in process percent complete 60 80

Cost DataâJuly
Work in process, July 1 $0 $0
Materials 463,600 351,360
Labor 285,968 134,200
Overhead 126,880 127,856
Total $876,448 $613,416

Required:
a. For each plant compute the physical units of production.
b. For each plant compute equivalent units of production for materials and for conversion costs.
c. For each plant determine the unit costs of production. (Round unit costs to 2 decimal places, e. g. 5.25.)
d. For each plant show the assignment of costs to units transferred out and in process.

1. demand terminology complete the following table by selecting the term that matches each definition. definition quantity demanded demand curve demand schedule law of demand a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices the amount of a good that buyers are willing and able to purchase at a given price a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices the claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology. your coworker becky is really concerned about a project that she has just been assigned. she is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. if becky's boss is interested in a graphical representation of the relationship between the pric