Explain the concept of equivalent units in process costing

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Reference no: EM132810712

Hashim Corporation sells its product for $17 per unit. Its variable cost is $10 per unit, and total fixed cost are $800.

Problem 1: Assuming next period's estimated sales are 300, calculate the following amounts:

a. Degree of operating leverage

b. Margin of safety in units

c. Margin of safety in revenues

Problem 2: Provide one numerical example for allocation of overhead of one job and analyze this example?

Problem 3: Discuss the concept of Equivalent Units in process costing and give numerical example?

Reference no: EM132810712

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