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Question 2 (20 marks) In a given period the production data and costs for a process were: Production: 2100 units fully complete. 700 units partly
Question 2 (20 marks) In a given period the production data and costs for a process were: Production: 2100 units fully complete. 700 units partly complete. The degree of completion of the partly complete units was: Material 80% complete Labour 60% complete Overheads 50% complete The costs for the period were: Material P24 800
Labour P16 750 Overheads P36 200 Required: (a) Calculate the total equivalent production units (9 marks) (b) Calculate the cost per complete unit (6 marks) (c) Determine the value of W-I-P (5 marks)
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