Required information [T he following information applies to the questions displayed below. ] Scrooge and Zilch, a public accounting rm in London, is engaged in the preparation of income tax returns for individuals. The firm uses the weightedaverage method of process costing for internal reporting. The following information pertains to February. ( denotes the British monetary unit, pounds sterlingf Returns in process, February 1: (34% complete) 440 Returns started in February 1,180 Returns in process, February 28: (75% complete) 480 Returns in process, February 1: Labor E 3,800 Overhead 4,800 Labor, February (7,100 hours) 120,700 Overhead, February 56,700 *Although the euro is used in most European markets, day-to-day business in the United Kingdom continues to be conducted in pounds sterling. 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. Req 1A Req 1B Compute the total equivalent units of activity 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. Req 1A Req 1B Compute the cost per equivalent unit for labor and for overhead. Labor Overhead Total