1. Dessa Cabinetry, Inc., manufactures standard sized modular cabinetunits for kitchens and other applications within the home. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through the rough cut department and the finish department. Direct materials are added at the beginning of production Conversion costs are allocated evenly throughout production Data for Finishing Department for March 2017 are: Work in process, beginning inventory, 20% converted Units started during March Work in process, ending inventory, 30% converted 1000 units 1800 units 500 units Costs for Finishing Department for March 2017 are: Work in process, beginning inventory: Direct materials Conversion costs Direct materials costs added during March Conversion costs added during March $200,000 $204,000 $428,000 $141,000 a. How many units were completed and transferred out of the Finishing Department during March? b. Determine March's equivalent units for conversion costs, using the FIFO method.

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe