ezto.mheducation.com Question 5 - Week 3 Assessment Problems - Connect Problems Course Hero + Week 3 Assessment Problems i Saved Help Save & Exit Submit Check my work 5 Required information Problem 4-34 Process Costing in a Public Accounting Firm (LO 4-3, 4-4, 4-5) Part 1 of 2 The following information applies to the questions displayed below.] Scrooge and Zilch, a public accounting firm in London, is engaged in the preparation of income tax returns for individuals. 8.33 The firm uses the weighted-average method of process costing for internal reporting. The following information pertains to points February. (& denotes the British monetary unit, pounds sterling.) Returns in process, February 1: eBook (25% complete) 350 Returns started in February 1, 000 Returns in process, February 28: (70% complete) 390 Print Returns in process, February 1: Labor f 2,900 Overhead 4,200 Labor, February (6, 134 hours) 85, 876 Overhead, February 41, 421 References *Although the euro is used in most European markets, day-to-day business in the United Kingdom continues to be conducted in pounds sterling Problem 4-34 Part 1 Required: 1. Compute the following amounts for labor and for overhead: a. Equivalent units of activity. b. Cost per equivalent unit. Complete this question by entering your answers in the tabs below. Mc Graw Hill