10.Beginning work in progress in the assembly department of a company was 3,000 units, 50% completed. During the year, a total of 20,000 units were completed and delivered to customers. Ending work in progress was 5,000 units, with 80% completed with respect to conversion. What are the equivalent units for conversion, assuming the weighted-average method is used?

a)22,500

b)23,500

c)24,000

d)25,000

11.Spencer Company expects to sell 60,000 units next year. Variable production costs are 5.25 per unit, and variable selling costs are 10% of the selling price. Fixed costs are 150,000 per year, and the company has set a target profit of 75,000. Based on this information, what should be the selling price per unit?

a) 7.00

b) 9.00

c) 10.00

d)10.75

12.During last year, Thor Lab supplied hospitals with a comprehensive diagnostic kit for 120. At a volume of 80,000 kits, Thor had fixed costs of 1,000,000 and net income of 200,000. Because of an adverse legal decision, Thor's liability insurance expenses this year will be 480,000 more than they were last year. Assuming that the volume and other costs are unchanged, what should be the price this year if Thor is to make the same 200,000 net income?

a) 120

b) 122

c) 124

d) 126