1) Ending WIP Inventory has 100 units that are 70% complete for direct materials and 20% complete for conversion costs.

1) Ending WIP Inventory has 100 units that are 70% complete for direct materials and 20% complete for conversion costs. For calculating costs per equivalent unit, which of the following statements is true?

A.The denominator would include 20 units for direct materials and 80 for conversion.

B.The denominator would include 100 units for both.

C.The denominator would include 70 units for direct materials and 20 for conversion.

D.You cannot determine what constitutes the denominator.

Boulder Corporation uses estimated direct labor hours of 200,900 and estimated manufacturing overhead costs of $920,700 in establishing manufacturing overhead rates. Actual manufacturing overhead was $970,200, and allocated manufacturing overhead was $1,012,700. What was the number of actual direct hours worked? (Round intermediary calculations to the nearest cent and the final answer to the nearest dollar.)

A. 221,114

B. 209,701

C. 190,650

D. 200,900

It costs Homer's Manufacturing $0.75 to produce baseballs, and Homer sells them for $5.00 apiece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $77,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit?

A. $52,125

B. $295,375

C. $347,500

D. $399,625

Wadsworth Industries manufactures small appliances and uses an activity-based costing system. Information from its system for the year for all products follows:

Activity Cost Pool

Total Cost

Total Activity

Assembly

$451,000

24,000 machine-hours

Inspection

$297,500

9,500 inspection-hours

Packaging

$18,900

1,400 orders

Wadsworth makes 575 of its stand mixers a year, which requires a total of 22 machine hours, 8 inspection hours, and 9 orders. The stand mixer requires $10.00 in direct materials per unit and $11.50 in direct labor per unit. The stand mixer sells for $150 per unit. What is the profit margin in total for the stand mixer? (Do not round intermediary calculations, and round your final answer to the nearest cent.)

A.$21.50

B.$73,102.06

C.$86,187.11

D.$12,362.50

A deodorant manufacturer offers the following information:

WIP Inventory, January 1, 0 units

Units started, 33,600 units

Units completed and transferred out, 11,200 units

WIP Inventory, December 31, 22,400 units

Direct materials $276,480

Direct labor $585,000

Manufacturing Overhead $328,920

The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, what are the total equivalent units for direct materials?

A.47,040

B.33,600

C.20,160

D.24,640