Following is a partial process cost summary for mitchell manufacturing's canning department. equivalent units of production direct materials conversion units completed and transferred out 50,000 50,000 units in ending work in process: direct materials (15,000 * 100%) 15,000 conversion (15,000 * 80%) 12,000 equivalent units of production 65,000 62,000 cost per equivalent unit costs of beginning work in process $ 40,500 $ 59,700 costs incurred this period 136,000 183,100 total costs $ 176,500 $ 242,800 cost per equivalent unit $ 2.71 per eup $ 3.92 per eup if the units completed were transferred to the labeling department, what is the appropriate journal entry to transfer the direct materials? work in process—labeling $135,500; work in process—canning $135,500. work in process—labeling $176,500; work in process—canning $176,500. finished goods—labeling $135,500; finished goods—canning $135,500. work in process—labeling $176,500; finished goods—canning $176,500. finished goods $136,000; work in process $136,000.

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.