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Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. Estimations for the year include
Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. Estimations for the year include RM420,000 in overhea and 30,000 direct labor hours. Pribil worked on five jobs in March. Data are as follows: Balance, 3/1 Direct materials Direct labor cost Job 89 Job 90 RM23,110 RM18,240 RM 9,510 RM Job 91 Job 92 Job 93 RM 0 13,000 17,210 22,900 15,240 8.210 RM8,075 RM11,500 RM16,250 RM9.750 RM4,860 Direct labor hours 1,615 2,300 Table 1 By March 31, Jobs 89 and 91 were completed and process. Required: (a) 3,250 1,950 972 rest of the jobs remained in CONFIDEN (b) (c) Calculate the cost of goods sold for March. [3 Marks] |CO1, POI, C4] [5 Marks] [CO1, PO1, C4] 15 Marks] [CO1, PO1, C4] (d) Assume Pribil marks up cost by 40%. What is the selling price of Jobs 89 and 91? 2 13 Marks] [CO1, PO1, C4]
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