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2.  All of the following statements are correct when referring to process costing except:

24.  The Favini Company, which has only one product, has provided the following data concerning its most recent month of operations.  What is the operating income for the month under Variable costing? (This information is also used to answer the next question).           Selling price                                    $ 141           Units in beginning inventory                0           Units produced                               6,200           Units sold                                        5,900           Units in ending inventory                 300           Variable costs per unit:                     Direct materials                                          $40                     Direct labor                                                 $47                     Variable manufacturing overhead             $ 4                      Variable selling and administrative           $ 7           Fixed costs:                      Fixed manufacturing overhead              $167,400                      Fixed selling and administrative             $  82,600

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:

13.  A product sells for $10 per unit and has variable expenses of $7 per unit. Fixed expenses total $45,000 per month. How many units of the product must be sold each month to yield a monthly profit of $15,000?

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:

27.  The endosymbiotic theory states that _______________________: one piece of evidence supporting this theory is the fact that_______________________________.

What is the above structure attached to?

Identify the structure labeled in the slide above.

Identify the structure labeled with the pink arrow above. 

The anatomical region labeled “C” is called the ______ region.