1)The following costs were incurred in April: Direct materials $39,400 Direct labor $34,000 Manufacturing overhead $21,600 Selling expenses $19,700 Administrative expenses $38,600 Conversion costs during the month totaled: $73,400 $61,000 $55,600 $153,300

2)Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. Sales (6,700 units) $402,000 Variable expenses 268,000 Contribution margin 134,000 Fixed expenses 103,500 Net operating income $30,500 If the company sells 6,600 units, its net operating income should be closest to: $26,000 $28,500 $30,500 $29,979