Question: 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

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

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