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1 a) b) Figure 2-8. Last year Quest Company incurred the following costs: $40,000 Direct materials: 60,000 Direct labor: 90,000 Overhead 24,000 Selling expenses 22,000

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Figure 2-8. Last year Quest Company incurred the following costs: $40,000 Direct materials: 60,000 Direct labor: 90,000 Overhead 24,000 Selling expenses 22,000 Administrative expenses Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. Refer to Figure 2-8. Total product costs were? a. $236,000 Ob. $100,000 C. $190,000 d. $150,000 Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. Refer to Figure 2-8. Conversion cost per unit was? a. $125 b. $50 C. $75 Od. $95

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