1.  During the month of February, the painting department pr…

1.  During the month of February, the painting department produced and transferred out 3,500 physical units.  Ending WIP had 1,000 physical units that were 50% complete with respect to materials costs and 40% complete with respect to conversion costs.  There was no beginning WIP.  Using the weighted average method for process costing, the total equivalent units for conversion costs would be:

17.  Stockmaster Corporation has provided the following cont…

17.  Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.        Sales (8,000 units) $ 320,000        Variable expenses   192,000        Contribution margin   128,000        Fixed expenses   121,600        Net operating income $     6,400 The margin of safety in dollars is closest to: