Acompany that produces a single product using a continuous process had no work in process on april 1. during the month of april, 10,000 units were started and 9,000 completed units were transferred. the ending work-in-process inventory was complete as to materials and 50% complete as to conversion. the cost of direct materials was $114,000, and the cost of direct labor amounted to $38,000. manufacturing overhead is assigned at the rate of 50% of direct materials. for the purpose of determining the cost of goods manufactured in april, what is the cost per equivalent whole unit?

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)