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Q1) On September 1, the production department had 18,000 units 45% complete as to labor and overhead; materials are added at the beginning of the process. During September, 90,000 units were started. At the end of September, the ending goods in process of 24,000 units were 75% complete as to labor and overhead. What was the number of units completed & transferred to the next department?
a. 84,000
b. 93,000
c. 100,200
d. 79,800
Q2) The beginning goods in process were 7,000 units, which were 40% complete as to labor and overhead. During the accounting period, 24,000 units were started. Ending goods in process were 1,000 units, which are 60% completed. What is the number of units completed and transferred to finished goods during the accounting period?
a. 31,000
b. 29,000
c. 18,000
d. 23,000
e. 30,000
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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