10.

Emerson and Dakota formed a partnership dividing income as follows:

1. Annual salary allowance to Emerson of $34,800
2. Interest of 10% on each partner's capital balance on January 1
3. Any remaining net income divided equally.

Emerson and Dakota had $30,800 and $144,400, respectively, in their January 1 capital balances. Net income for the year was $205,600.

How much net income should be distributed to Dakota? $____________

11.

Compute conversion costs given the following data: direct materials, $388,400; direct labor, $194,900; factory overhead, $202,000 and selling expenses, $38,300.

a.$590,400

b.$785,300

c.$163,700

d.$396,900