Required information Problem 4-34 Process Costing in a Public Accounting Firm (LO 4-3,4-4, 4-5) [The following information applies to the questions displayed below.) Scrooge and Zilch, a public accounting firm in London, is engaged in the preparation of income tax returns for individuals. The firm uses the weighted average method of process costing for internal reporting. The following information pertains to February ( denotes the British monetary unit, pounds sterling) 330 960 370 Returns in process, February 11 (234 complete) Returns started in February Returns in process, February 28: (608 complete) Returns in process, February 1: Labor Overhead Labor, February (4,418 hours) Overhead, February 2,700 4,200 79,524 36,912 *Although the euro is used in most European markets, day-to-day business in the United Kingdom continues to be conducted in pounds sterling, Problem 4-34 Part 1 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. Reg 1A Req 18 Compute the total equivalent units of activity for labor and for overhead. Total Equivalent Units of Activity Labor Overhead Red A Reg 1B > Problem 4-34 Part 1 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 Reg 1B Compute the cost per equivalent unit for labor and for overhead. Costs per Equivalent Unit Labor Overhead Total 0