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Question - The balance in beginning Work in Process at Walla Walla Rubber Company for direct labor was $151,800. During the month of March, an additional $684,200 of direct labor was incurred, and 32,900 pounds of rubber were produced. At the end of March, 10,200 pounds of rubber were in process and the units were 50 percent complete. At the start of March, the company had 6,400 pounds of rubber that were 30 percent complete.
Required - Calculate the cost per equivalent unit for labor, assuming that labor is added uniformly throughout the production process.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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