Mang Jim has a banana plantation for almost one hectare. His neighbor named Timmy has a skill of baking cakes. Timmy interviewed the community if they already tasted the banana cakes then the response was positive that they seldom tasted it and others were not. So he decided to bake and sell to the community until such time that he received a lot of orders from the customers. Timmy bought raw materials from the plantation of Mang Jim. Does the paragraph above show a serendipity business? Why?

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $