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Superior MicroProducts uses the weighted-average method in its process costingsystem. Data for the Assembly...Superior...

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Accounting

Superior MicroProducts uses the weighted-average method in its process costingsystem. Data for the Assembly Department for May appear below:


MaterialsLaborOverhead
  Workin process, May 1$33,200  $54,999  $267,774  
  Costadded during May$201,580  $36,666  $178,516  
  Equivalent units of production2,800  2,700  2,600  


Required:
1.

Compute the cost perequivalent unit for materials, for labor, and for overhead.(Round your answers to 2 decimal places.)

Materials   Labors    Overhead

Cost per equivalentunit


2.

Compute the total costper equivalent whole unit. (Round your final answerto 2 decimal places.)

Total cost perequivalent unit   

Answer & Explanation Solved by verified expert
4.3 Ratings (780 Votes)

  • All working forms part of the answer
  • Requirement 1

Working

Materials

Labor

Overhead

A

   Work in process, May 1

$                                   33,200.00

$                  54,999.00

$                                   267,774.00

B

   Cost added during May

$                                 201,580.00

$                  36,666.00

$                                   178,516.00

C = A+B

Total COST

$                                 234,780.00

$                  91,665.00

$                                   446,290.00

D

   Equivalent units of production

                                               2,800

                              2,700

                                                 2,600

E = C/D

Cost per Equivalent Unit

$                                           83.85

$                           33.95

$                                           171.65

Materials

Labor

Overhead

Cost per Equivalent Unit

$                                           83.85

$                           33.95

$                                           171.65

  • Requirement 2

A

Materials

$                                           83.85

B

Labor

$                                           33.95

C

Overhead

$                                         171.65

D = A+B+C

Total cost per Equivalent whole Unit

$                                         289.45

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Transcribed Image Text

In: AccountingSuperior MicroProducts uses the weighted-average method in its process costingsystem. Data for the Assembly...Superior MicroProducts uses the weighted-average method in its process costingsystem. Data for the Assembly Department for May appear below:MaterialsLaborOverhead  Workin process, May 1$33,200  $54,999  $267,774    Costadded during May$201,580  $36,666  $178,516    Equivalent units of production2,800  2,700  2,600  Required:1.Compute the cost perequivalent unit for materials, for labor, and for overhead.(Round your answers to 2 decimal places.)Materials   Labors    OverheadCost per equivalentunit2.Compute the total costper equivalent whole unit. (Round your final answerto 2 decimal places.)Total cost perequivalent unit   

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