He sees 2 distinguished classes of people come out of the emerging capitalist economy: Bourgeoisie and Proletariat. This was important in his understanding of power relations.
Labor is the key source of value and profit in the marketplace
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Labrador Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2014, the end of the current fiscal year, the balances of selected accounts from the ledger of Labrador Weight Loss Co. are as follows:
Prepare a classified balance sheet that includes the correct balance for Cash.
The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 2,000 units in inventory, 70% complete as to materials. During the month, the molding department started 18,000 units. At the end of the month, the molding department had 3,000 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department.
|Beginning work in process inventory (direct materials)||$ 1,200|
|Direct materials added during the month||27,900|
Using the weighted average method, determine the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round to two decimal places.)