Business, 11.03.2020 23:04 rexcapacitor
Rafael Company produces pipes for concert- quality organs. Each job is unique. In April 2013, it completed all outstanding orders, and then, in May 2013, it worked on only two jobs, M1 and M2:
RAFAEL COMPANY, May 2013
Job M1
Job M2
Direct materials
$ 78,000
$ 51,000
Direct manufacturing labor
273,000
208,000
Direct manufacturing labor is paid at the rate of $26 per hour. Manufacturing overhead costs are allocated at a budgeted rate of $ 20 per direct manufacturing labor- hour. Only Job M1 was completed in May.
REQUIREMENTS:
1. Calculate the total cost for Job M1.
2. 1,100 pipes were produced for Job M1. Calculate the cost per pipe.
3. Prepare the journal entry transferring Job M1 to finished goods.
4. What is the ending balance in the Work-in-Process Control account?
Answers: 2
Business, 21.06.2019 18:50, toshahoskins0098
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
Business, 22.06.2019 14:40, nathenq1839
Which of the following would classify as a general education requirement
Answers: 1
Business, 22.06.2019 20:00, mooneyhope24
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
Rafael Company produces pipes for concert- quality organs. Each job is unique. In April 2013, it com...
Mathematics, 21.04.2021 18:30
Mathematics, 21.04.2021 18:30
Mathematics, 21.04.2021 18:30
Mathematics, 21.04.2021 18:30