Business, 19.02.2020 17:47 tannercarr7428
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, 23.06.2019 01:50
The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap
Answers: 2
Business, 23.06.2019 07:40
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
Answers: 2
Business, 23.06.2019 20:00
Many states create licensing requirements for a variety of professionals (such as lawyers and accountants) designed to restrict entry into their market by professionals from other states. this strategy limits growth strategies.
Answers: 2
Business, 23.06.2019 23:00
Marge is told by a jeweler that a particular diamond priced at $10,000 in which she is interested cannot be obtained anywhere else for under $15,000. later that day, she finds a diamond of comparable quality priced at $8,000 at another jewelry store. the first jeweler is liable for:
Answers: 3
Rafael Company produces pipes for concert- quality organs. Each job is unique. In April 2013, it com...
Mathematics, 22.07.2021 15:40
Geography, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Physics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:40
Mathematics, 22.07.2021 15:50
Physics, 22.07.2021 15:50
Mathematics, 22.07.2021 15:50
Advanced Placement (AP), 22.07.2021 15:50