Grace Co. can further process Product B to produce Product C. Product B is currently selling for $23 per pound and costs $17 per pound to produce. Product C would sell for $45 per pound and would require an additional cost of $10 per pound to produce. What is the differential revenue of producing and selling Product C? a. $28 per pound b. $22 per pound c. $35 per pound d. $45 per pound Department M had 2,400 units 58% completed in process at the beginning of June, 11,800 units completed during June, and 1,600 units 32% completed at the end of June. What was the number of equivalent units of production for conversion cost for June if the first-in, first-out method is used to cost inventories? a. 13,912 units b. 10,920 units c. 12,312 units d. 9,400 units A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $248,800 and direct labor hours would be 31,100. Actual manufacturing overhead costs incurred were $202,000, and actual direct labor hours were 20,200. The entry to apply the factory overhead costs for the year would include a a. credit to Factory Overhead for $161,600 b. credit to Factory Overhead for $248,800 c. debit to Factory Overhead for $161,600 d. debit to Factory Overhead for $202,000