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TB MC Qu. 5-27 (Algo) Benitez Company makes wicker and wooden slat... Benitez Company makes wicker and wooden slat picnic baskets. It requires approximately one hour of labor to make one basket of other type. Wicker baskets are produced in batches of 100 units and require 0.5 machine hours per basket Wooden stat baskets are produced in batches of 50 units and require 0.75 machine hours per basket Setup is required for each batch During the most recent accounting period, the company made 8.300 wicker baskets and 2,300 wooden stat baskets. Setup costs amounted to $25,800 for the baskets produced during the period. I activity-based costing is used to allocate overhead costs to the two products, the amount of setup cost assigned to the wicker baskets will be Multiple Choice $18.200 520,250 $12.00 $16.600 TB MC Qu. 12-76 (Algo) Steele Manufacturing Company reported the... Steel Manufacturing Company reported the following Work in Process Inventory account activity measured in units. The ending inventory was estimated to be 70% complete Beginning inventory 50,000 Started 120,000 Ending inventory 45,000 What is the number of equivalent units in Stoele's ending work in process inventory? Multiple Choice 44000 45,000 1,500 None of these answer choices are correct

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