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Suppose the Diesel Company has 20,000 units in ending work in process. Costs are added as follows during the process: Direct Materials - At the beginning (100% added to ending WIP) Conversion Costs - Evenly (50% aded to ending WIP) What are the Equivalent Units of Production at the end of the period? 20,000 Direct materials: 20,000 Conversion 10,000 Direct materials: 10,000 Conversion 20,000 Direct Materials; 10,000 Conversion 10,000 Direct Materials: 20,000 Conversion Suppose Estimated Overhead Costs are as follows: Indirect Materials $100,000 and Indirect Labor $50,000. Estimated Direct Labor Hours are 75,000 and this is likely to be the activity base. Use this data to compute the Predetermined Overhead Rate. $1.33 per direct labor hour $2 per direct labor hour $1.25 per direct labor hour $.80 per direct labor hour Compute the Profit Margin for Conners Trucking Company for 2020, based on the following data: Sales $200,000 Cost of Goods Sold Expense $100,000 Salaries Expense $50,000 Insurance Expense $25,000 Dividends $15,000 5% 12.5% 42.5% Calculate the breakeven point in dollars for Hipage using the following facts for 2020: Fixed Costs $200,000 Sales Price Per Unit $100 Variable Cost Per Unit $75 $2,000 $8,000 $266,667 $800,000 Suppose Qualochem needs to adjust "underapplied" overhead of $1,000 at December 31, 2020. Which of the following would be the correct adjusting entry? Debit - Factory Overhead $1,000 and Credit - Cost of Goods Sold $1,000 Debit - Cost of Goods Sold $1,000 and Credit - Factory Overhead $1,000 Debit - Cash $1,000, and Credit - Cost of Goods Sold $1,000 Debit - Cost of Goods Sold $1,000, and Credit - Underapplied Overhead $1,000