Question

Ronald Company produces pipes for concert- quality organs. Each job is unique. In April 2012, it completed all outstanding orders, and then, in May 2012, 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 $ 16 per direct manufacturing labor- hour. Only Job M1 was completed in May.

Required
1. Calculate the total cost for Job M1.
2. 1,600 pipes were produced for Job M1. Calculate the cost per pipe.
3. What is the ending balance in the Work- in- Process Controlaccount?


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  • CreatedJanuary 15, 2015
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