Question 1: A company's fabricating department reports the below operating data for this month. What are the equivalent units of production for this month?
beginning inventory............... 0
Ending inventory (10% complete............. 10,000 units
Units started & Completed...................... 100,000 units
a. 100,000
b. 101,000
c. 109,000
d. 110,000
Question 2: In a command system, economic decision making is carried out by which group?
a. Social Infrastructure Board (ISB)
b. Central Planning Board (CPB)
c. Central Economic Advisory Board (CEAB)
d. Workers Central Board (WCB)