Giga Company Uses a Weighted Average Process Cost System

question 119

Essay

Giga Company uses a weighted average process cost system. The department started and finished 129,000 units during the current period. The ending inventory consists of 60,000 units that are 75% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $262,500 and overhead costs of $126,000.
(a) Compute the equivalent cost per unit for direct labor.
(b) Compute the equivalent cost per unit for overhead.

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Definitions:

Effective Therapies

Treatments that have been scientifically tested and proven to produce significant improvements in mental health or medical conditions.

DSM-5 Reliability

The consistency and dependability of the diagnoses as outlined in the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition.

Field Testing

The process of evaluating the performance, durability, or suitability of a product under real-world conditions outside the laboratory.

Systematic Clinical Assessments

A structured process of evaluating the nature and severity of psychological disorders through standardized tests and methods.