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Question - Barker Company manufactures a product that passes through two processes. The following information is available for the first department for November:
All materials are added at the beginning of the process.
Beginning work in process consisted of 400 units that were 60% complete with respect to conversion.
Ending work in process consisted of 1,000 units that were 10% complete with respect to conversion.
During the month, 6,000 units were started in process.
Required - Using the weighted average method, the total equivalent units of production for materials is:
a. 5,500.
b. 5,400.
c. 6,400.
d. 6,000.
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?
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