Read peer-reviewed publications, write a minimum of three (3) pages of high quality well-written APA formatted standard about the following scenario.(see attachments ) Please keep in mind that this assignment is quantitative, therefore do not forget to use the figures and charts.
Information for the Hi-Test company’s production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process.\
see the form in the attachment
Compute each of the following.
- The number of equivalent units for materials for the month.
- The number of equivalent units for conversion for the month.
- The variable cost per equivalent unit of materials for the month.
- The variable cost per equivalent unit for conversion for the month.
- The total variable cost of goods transferred out.
- The total variable cost of ending work in process inventory.