Using the weighted average method, you are provided the following information: Beginning WIP 500 needing 50% yet to complete Units started and completed and moved to the next process- 1000 units Ending WIP of 500 units that are 50% complete. What is your equivalent units of production for the period?

equivalent units for conversion 1,750

Explanation:

for processing cost under the weighted average method the equivalent untis arethe complete and trasnferred untis plus the work complete on the ending inventory of work in process:

beginning WIP  500

+ start and complete 1,000

total complete and trasnfered-out = 1,500

Then we work 500 units at 50% thus 250 equivalent untis

the total equivalent untis is 1,500 + 250 = 1,750

uses flexible budgets. At normal capacity of 19000 units, budgeted manufacturing overhead is: $95000 variable and $198000 fixed. If Bramble had actual overhead costs of $297600 for 21000 units produced, what is the difference between actual and budgeted costs