Prepare a cost of production report for the Cutting Department of Borges Distributors for May 2006, using the following data and assuming that all materials are added at the beginning of the production process: Work in process, May 1, 8,000 units, 75% complete $70,400* * Direct materials (8,000 x $5.20) $41,600 Conversion costs (8,000 x 75% x $4.80) 28,800 $70,400 Materials added during May from Weaving Dept., 215,000 units 1,128,750 Direct labor for May 402,040 Factory overhead for May 603,060 Goods finished during May (includes goods in process, May 1), 214,000 units -- Work in process, May 31st, 9,000 units, 40% completed

answer; ///after donning a gown, mask and eyewear;

answerall of the above;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.