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

Free

90.2K

Verified Solution

Question

Accounting

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

Materials Labor Overhead
  Workin process, May 1 $ 33,200   $ 54,999   $ 267,774
  Costadded during May $ 201,580   $ 36,666   $ 178,516
  Equivalent units of production 2,800   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

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

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

Required:
1.	Compute the cost perequivalent unit for materials, for labor, and for overhead.(Round your answers to 2 decimal places.)
	Materials Labors Overhead

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