Using Excel Consider the following information for Hamburg Corporation:ItemsUnitsBeginning inventory85,000Units started during the year155,000Ending inventory61,000Inventory is 100% complete as to materials and 60% complete as to conversion.ItemsMaterialsConversionBeginning costs (SAR)425,000686,000Costs added during the period (SAR)1,255,000980,000Using the WEIGHTED AVERAGE method:Calculate the number of units completed during the period.Calculate equivalent units for conversion during the period.

Complete the following questions using Microsoft Excel:Consider the following information for Hamburg Corporation:ItemsUnitsBeginning inventory85,000Units started during the year155,000Ending inventory61,000Inventory is 100% complete as to materials and 60% complete as to conversion.ItemsMaterialsConversionBeginning costs (SAR)425,000686,000Costs added during the period (SAR)1,255,000980,000Using the WEIGHTED AVERAGE method:Calculate the number of units completed during the period.Calculate equivalent units for conversion during the period.Calculate cost per equivalent units for materials.Mannheim Corporation manufactures small camping tents and family camping tents. The estimated direct labor time to produce each type of tent is as follows:ItemsSmallFamilyEstimated tents produced24,50011,000Direct labor hours per tentEstimated overhead for the period = 1,300,000 SAR.Compute the overhead cost assigned to each type of tent assuming direct labor hours are used to allocate overhead costs.The controller is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the family tent product line because of its complexity. He, therefore, developed the following three activity cost pools and related cost drivers to better understand the costs. Activity Cost PoolsExpected Use of Cost DriversEstimated Overhead Costs (SAR)Setting up machines1,000 setups25,000Assembling90,000 labor hours980,000Inspection1,200 inspections230,000Calculate the activity-based overhead rates for these three cost pools.Compute the cost that is assigned to each tent using activity-based costing system, given the following information.Expected Use of Cost Drivers per ProductItemsSmallFamilyNumber of setupsDirect labor hours29,00055,000Number of inspections 1,125