Question
Dear Tutor, Could you please help me with the calculations below? Somehow I cannot get the correct answers. Thanks a lot in advance! Ronald Company
Dear Tutor,
Could you please help me with the calculations below? Somehow I cannot get the correct answers.
Thanks a lot in advance!
Ronald Company produces pipes forconcert-quality organs. Each job is unique. InApril, thisyear, it completed all outstandingorders, andthen, inMay, thisyear, it worked on only twojobs, M1 andM2:
Ronald Company, May, this year | Job M1 | Job M2 | ||
Direct materials | 72,000 | 59,000 | ||
Direct manufacturing labour | 272,000 | 200,000 |
Direct manufacturing labour is paid at the rate of 32 per hour. Manufacturing overhead costs are allocated at a budgeted rate of 18 per direct manufacturinglabour-hour. Only Job M1 was completed in May.
Requirement 1. Compute the total cost for Job M1.
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