1. For the year 2021, Jones Company budgeted $230,000 for direct labor and $480,000 for factory overhead.Jones also budgeted 8,000 direct labor hours. Jones applies overhead based on direct labor hours. What is the standard overhead rate per hour for 2021? Round answer to closest cent.
2. On April 1, 2021, Easton Company's beginning work in process inventory had 7,000 units in its only production department. Beginning WIP units were 50% complete as to conversion costs. Easton introduces direct materials at the beginning of the production process.During April, a total of 15,000 units were started and a total of 20,000 units were completed. The remaining units in Easton's ending WIP inventory was 60% complete as to conversion costs. Easton uses the weighted average method. Use this information to determine for April 2021 the equivalent units of production for conversion costs. (Round and enter to nearest whole number of units)