1.A company starts work on 10000 physical units and completes 50 per cent of conversion activity. The costs are $5000 for conversion and $1500 for direct material. What is the cost per equivalent unit for conversion?

Select one:

A. $2.00 per unit

B. $2.50 per unit

C. $1.00 per unit

D. $1.50 per unit

2. If manufacturing overhead is underapplied for the period, a method to bring the balance of the manufacturing overhead account to zero would be:

Select one:

A. debit manufacturing overhead, credit raw materials inventory

B. debit manufacturing overhead, credit cost of goods sold

C. debit cost of goods sold, credit manufacturing overhead

D. debit work in process inventory, credit manufacturing overhead