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18 August, 18:20

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in process, May 1 $ 18,000 $ 5,500 $ 27,500 Cost added during May $ 238,900 $ 80,300 $ 401,500 Equivalent units of production 35,000 33,000 33,000 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)

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  1. 18 August, 18:35
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    EUC

    Materials 7.34

    Labor 2.60

    Overhead 13

    Explanation:

    We will add for each category the beginning cost wth the cost added during the period:

    Materials:

    18,000 + 238,900 = 256,900

    Labor:

    5,500 + 80,300 = 85,800

    Overhead:

    27,500 + 401,500 = 429,000

    Now we diivde by the equivalent units of each category:

    Equivalent unit cost:

    Materials:

    256,900 / 35,000 = 7.34

    Labor:

    85,800 / 33,000 = 2.60

    Overhead:

    429,000 / 33,000 = 13
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