The Smelting Department of Sheridan Company has the following production data for November. Beginning work in process 1,840 units that are 100% complete as to materials and 20% complete as to conversion costs; units completed and transferred out 8,280 units; and ending work in process 6,440 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November, Materials Conversion Costs Total equivalent units Pharoah Hollow Resort has ordered 24 rotomolded kayaks from Current Designs. Each kayakwill be formed in the rotomolded oven, cooled, and then have the excess plastic trimmed away. Then, thehatches, seat, ropes, and bungees will be attached to the kayak. Dave Thill, the kayak plant manager, knows that manufacturing each kayak requires 50 pounds of polyethylene powder and a nishing kit (rope, seat, hardware, etc.). The polyethylene powder used in these kayaks costs $1.4 per pound, and the nishing kits cost $152 each. Each kayak will use two kinds of labor: 2 hours of more-skilled type | labor from people who run the oven and trim the plastic, and 3 hours of less-skilled type II labor from people who attach the hatches and seat and other hardware. The type | employees are paid $14 per hour, and the type II employees are paid $12 per hour. For purposes ofthis problem, assume that overhead is applied to all jobs at a rate of 150% of direct labor costs. Determine the total cost of the Pharoah Hollow order and the cost of each individual kayak in the order. Identify costs as direct materials, direct labor, or manufacturing overhead. Direct Materials Polyethylene powder $ Finishing kit Direct labor More skilled Less skilled Manufacturing overhead 5 Total cost for one kayak $ Polyethylene powder Finishing kit Direct labor More skilled Less skilled Manufacturing overhead Total cost for one kayak Total cost of the order Sunland Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 3,700 shares of Escalante Corporation common stock (7%) for $224,960 cash. July 1 Received a cash dividend of $2 per share. Dec. 1 Sold 740 shares of Escalante Corporation common stock for $47,360 cash. Dec. 31 Received a cash dividend of $2 per share. Jou rna | ize the transactions (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit \fIvanhoe Company must decide whether to make or buy some of its components. The costs of producing 67,900 switches for its generators are as follows. Direct materials $29,400 Variable overhead $45,300 Direct labor $42,526 Fixed overhead $82,400 Instead of making the switches at an average cost of $2.94 ($199,626 + 67,900), the company has an opportunity to buy the switches at $2.68 per unit. If the company purchases the switches, all the variable costs and one-fourth of the fixed costs will be eliminated. (a) Prepare an incremental analysis showing whether the company should make or buy the switches. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Make Buy Increase (Decrease) Direct materials $ $ $ Direct labor Variable manufacturing costsPrepare an incremental analysis showing whether the company should make or buy the switches. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Make Buy Increase (Decrease) Direct materials $ $ $ Direct labor Variable manufacturing costs Fixed manufacturing costs Purchase price Total cost $ $ $ Wilma Company will incur $ of additional costs if it the switches