JOB Order Costing and Relative Value Units
U2 Reference Lab must calculate the relative value and cost per procedure given that
the total lab expense is $943,241:
		Projected
Procedure		Volume		Lab Expense
A		3500		0.15
B		2200		0.20
C		4300		0.10
D		2900		0.05
E		2700		0.15
F		3550		0.25
G		2000		0.10
Part 1: Calculate the Relative Value Units
Procedure
A
B
C
D
E
F
G
Part 2: Calculate total Relative Value Units
Procedure
A
B
C
D
E
F
G
Part 3: Calculate the cost per procedure
Procedure
A
B
C
D
E
F
G