Giga Company Uses a Weighted Average Process Cost System

question 175

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:

Bronchial

Pertaining to the bronchi, the major air passages to the lungs, which can become inflamed or obstructed in respiratory diseases.

Vesicular

Pertaining to or characterized by small fluid-filled blisters or vesicles, often related to skin conditions or infections.

Large Lung Airways

The wider passages within the lungs through which air moves in and out, including trachea and bronchi, critical for respiration.

Comprehensive Eye Examination

A thorough assessment of vision and eye health, including tests for visual acuity, eye alignment, and eye diseases.