Goodman Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 50,000 and ending work in process equaled 7,000 units. Goodman had no...

Extracted text: Goodman Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 50,000 and ending work in process equaled 7,000 units. Goodman had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 40% complete and total materials costs equaled $500,000? O $10.00 O $9.77 O $8.77 O $11.63


Extracted text: If annual overhead costs are expected to be $500,000 and direct labor costs are expected to be $2,500,000, then if the activity base is direct labor costs: O a predetermined overhead rate cannot be determined. O $5 is the predetermined overhead rate. O for every dollar of direct labor, 20 cents of manufacturing overhead will be assigned. O for every dollar of manufacturing overhead, 20 cents of direct labor will be assigned.