Time remaining: 1:46:17 value 20.00 points Superior Micro Products uses the weig

Question

Time remaining: 1:46:17 value 20.00 points Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below Work in process, May 1 Cost added during May Equivalent units of production Materials Labor Overhead $15,100 S23,364 $ 111,309 $91,955 S 15,576 74,206 1,100 1,300 1,200 Required: 1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.) Materials Labor Cost per equivalent unit 2. Compute the total cost per equivalent whole unit. (Do not round your intermediate calculations. Round your final answer to 2 decimal places.) Total cost per equivalent unit

Explanation / Answer

1 Cost per equivalent unit: Materials 82.35 =(15100+91955)/1300 Labor 32.45 =(23364+15576)/1200 Overhead 168.65 =(111309+74206)/1100 2 Total cost per equivalent unit = 82.35+32.45+168.65= $283.45

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.