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What specific structure is indicated by the ORANGE arrow? _______

Opal Industries uses a process costing system. Direct materials are added at the beginning of the process, whereas conversion costs are incurred evenly throughout the process. Here are data for the month of August:   The units in beginning work in process inventory are 70% complete with respect to conversion costs and the units in ending work in process inventory are 50% complete with respect to conversion costs. What is the cost per equivalent unit for conversion costs during the month of August?

What specific structure is indicated by the ORANGE Arrow? _______ What specific structure is indicated by the GREEN Arrow? _______

Goblet Industries manufactures drinking cups which it sells to retailers. Goblet operates separate production lines for Large cups, Medium cups, and Small cups. The estimated annual manufacturing overhead costs and machine hours associated with each of these production lines are as follows:   If Goblet uses a single plantwide rate to allocate its $7 million of overhead using machine hours as the allocation base, which products are over-costed or under-costed?

Eagle Enterprises manufactures mailboxes. Eagle plans to produce 5,700 mailboxes during the current year, and Eagle’s plant manager uses a cost equation to estimate the total manufacturing costs. The plant manager expects Eagle’s current year total fixed manufacturing costs and per-unit variable manufacturing costs to be the same as in the prior year. During the prior year, Eagle produced 4,300 mailboxes at an average per-unit manufacturing cost of $35 per mailbox, and Eagle’s total fixed manufacturing costs were $60,200. What is the estimated total cost of manufacturing 5,700 mailboxes in the current year? Round to the nearest whole dollar and do not enter a dollar sign (e.g., enter 89, not $89.00).

Glory Industries manufactures brass trumpets. Glory manufactured 3,000 trumpets in April and 3,900 trumpets in May. Here are data regarding Glory’s manufacturing costs: Which costs are properly classified as mixed costs?

Pelican Inc. manufactures decorative lamps. Pelican’s relevant range is 3,000 to 4,500 lamps per month. Pelican’s total fixed manufacturing costs are $680,000 per month. During the month of April, Pelican produces 4,000 lamps at an average per-unit manufacturing cost of $324 per lamp. During the month of May, Pelican’s production drops 15% from 4,000 lamps to only 3,400 lamps. What is the percentage increase in the average per-unit manufacturing cost of the lamps produced in May as compared to the lamps produced in April? (Round to two decimal points.)

Discount Tire Store’s income statement for the current month is as follows:   Each tire sells for $150. Variable selling expenses are $8.50 per tire, and the remainder of the selling expenses are fixed. Variable administrative expenses are 7% of sales, and the remainder of the administrative expenses are fixed. Assume “Y” equals the total selling and administrative expenses and “X” equals the total number of tires sold. What is the mixed cost formula for total selling and administrative expenses?

Oak Industries uses predetermined overhead rates based on direct labor costs to apply manufacturing overhead to jobs. For the machining department, the predetermined overhead rate is 200% of direct labor cost. For the assembly department, the predetermined overhead rate is 50% of direct labor cost. Job 862, which was started and completed during the year, was charged with the following costs: What is the total cost of producing Job 862? Round to the nearest whole dollar and do not enter a dollar sign (e.g., enter 89, not $89.00).

Birch Enterprises uses a process costing system. The company has only one processing department. At the end of the period, work in process inventory consists of 10,000 units that have a total cost of $22,550. The cost per equivalent unit is $2.00 for direct materials and $3.00 for conversion costs. With respect to direct materials, the units in ending work in process inventory are 70% complete. With respect to conversion costs, the units in ending work in process inventory are: