Comprehensive Case Webb and Company is engaged in the preparation of income tax returns for individuals. the weighted average method and actual costs for financial reporting purposes. However, for internal reporting, Webb uses a standard cost system. The standards, based on equivalent performance, have been established as follows: 5 hrs.@ $20 per hr. Labor per return 5 hrs.@$10 per hr Overhead per return For March 2019 performance, budgeted overhead is $49,000 for the standard labor hours allowed. The following additional information pertains to the month of March 2019: Inventory data Returns in process, March 1 (20% complete) Returns started in March 200 825 Returns in process, March 31 (80% complete) 125 Actual Cost Data Return in process, March 1: Labor $ 3,000 Overhead Labor, March 1 to 31,4,000 hrs Overhead, March 1 to 31 3,000 89,000 45,000 Required: Using the inventory data, the actual cost data and the standard cost data given, compute the following: Equivalent units of performance for labor (weighted-average method). Equivalent units of performance for overhead (weighted-average method). Labor costs used in the computation of cost per equivalent unit for labor a. b C. (weighted-average method) Overhead costs used in the computation of cost per equivalent unit for overhead d. (weighted-average method) Actual cost of returns in process at March 31. e