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Rafael Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed...
Rowan Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2: Direct manufacturing labor is paid at the rate of $25 per hour. Manufacturing overhead costs are allocated at a budgeted rate of $22 per direct manufacturing labor-hour. Only Job M1 was completed in May. Read the requirements Requirement 1. Compute the total cost for Job M1. Job...
2. Post the journal entries to T-accounts for all of the inventories, Cost of Goods Sold, the Maruta cu would be used to authorized as backup for the entry. Overhead Control Account, and the Manufacturing Overhead Allocated 4-31 Job costing, journal entries. Donald Transport assembles prestige manufactured homes. Its job. indirect-cost pool (manufacturing overhead allocated at a budgeted $31 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: Materials Control, beginning balance, January 1, 2017...
Job Costs At the end of April, Prichard Company had completed Jobs 50 and 51. Job 50 is for 1,000 units, and Job 51 is for 200 units The following data relate to these two jobs: Job at $20 per unit and 1,400 units for Job 51 On April 20, raw materials were requisitioned for production as follows: 500 units for at $22 per unit. During April, Prichard Company accumulated 700 hours of direct labor costs on Job 50 and...
Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 500 units, and lob 51 is for 200 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 500 units for Job 50 at $10 per unit and 1,400 units for Job 51 at $24 per unit. During April, Kaye Company accumulated 200 hours of direct labor costs on Job 50...
Reference el brr fo Standard costing (single plantwide rate): Job 721 Job 722 Direct materials 23,400 $ 2,500 ur Direct labor* 1,500 19,500 375 4,875 Manufacturing overhead 47,775 S 4,375 $ Total cost Direct labor calculated as follows: Total direct labor costs per job Hours per job Direct labor cost per hour X 25 19,500 780 $ Job 721 X 1,500 Job 722 60 X Manufacturing overhead calculated as follows: Manufacturing Predetermined Total direct labor OH allocated OH allocation rate...
Job Costs At the end of April, Prichard Company had completed Jobs 50 and 51. Job 50 is for 200 units, and Job 51 is for 500 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 200 units for Job 50 at $12 per unit and 1,200 units for Job 51 at $12 per unit. During April, Prichard Company accumulated 500 hours of direct labor costs on Job 50...
Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 1,000 units, and Job 51 is for 500 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 300 units for Job 50 at $24 per unit and 1,100 units for Job 51 at $12 per unit. During April, Kaye Company accumulated 700 hours of direct labor costs on Job 50...
Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 500 units, and Job 51 is for 200 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 500 units for Job 50 at $10 per unit and 1,400 units for Job 51 at $24 per unit. During April, Kaye Company accumulated 200 hours of direct labor costs on Job 50...
Job Costs At the end of April, Kaye Company had completed Jobs 50 and 51. Job 50 is for 500 units, and Job 51 is for 200 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 500 units for Job 50 at $10 per unit and 1,400 units for Job 51 at $24 per unit. During April, Kaye Company accumulated 200 hours of direct labor costs on Job 50...
Job Costs At the end of April, Almerinda Company had completed Jobs 50 and 51. Job 50 is for 23,040 units, and Job 51 is for 26,000 units. The following data relate to these two jobs: On April 6, Almerinda Company purchased on account 60,000 units of raw materials at $12 per unit. On April 21, raw materials were requisitioned for production as follows: 25,000 units for Job 50 at $10 per unit and 27,000 units for Job 51 at...