Cardinal Enterprises is trying to determine an acceptable amount for predetermined overhead, to be applied based upon labor hours. For 2014, Cardinal expects overhead costs of $220,000 and 20,000. The actual overhead costs for 2014 were $222,500 and the actual labor hours worked was 22,000.

1. What would Cardinal use as its predetermined overhead rate?

2. How much overhead was applied to the "Koopa Cape" job?

3. During the month of March, the Mushroom and Koopa projects were 2010 leted, however the Peach project was still in progress.

How much is in ending Work in Process?

4. What cost amount was transferred to COGS, because the Koopa and Mushroom jobs were 2010 completed?

5. What are the equivalent units of production for materials?

6. What are the equivalent units of production for conversion?

7. What was the cost per equivalent unit for materials (round to 2 decimal points)?

8. What was the cost per equivalent unit for conversion (round to 2 decimal points)?