a.) Compute the total equivalent units of activity for labor and for overhead.

b.) Computs the cost per equivalent unit for labor and for overhead.

Scrooge and Zilch, a public accounting firm in London, is engaged in the preparation of income tax returns for individuals. The firm uses the weighted-average method of process costing for internal reporting. The following information pertains to February ( denotes the British monetary unit, pounds sterling.) 350 1,000 390 Returns in process, February 1: (25% complete) Returns started in February Returns in process, February 28: (70% complete) Returns in process, February 1: Labor Overhead Labor, February (6,134 hours) Overhead, February 2,900 4,200 85,876 41,421 "Although the euro is used in most European markets, day-to-day business in the United Kingdom continues to be conducted in pounds sterling