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What is the allocated production overhead for job

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Reference no: EM132526426

Job costing, unit cost, ending work in progress

Profile Ltd produces pipes for concert-quality organs. Each job is unique. In April 2018, it completed all outstanding orders, and then in May 2018, it worked on only two jobs, M1 and M2:

Profile Ltd, May 2018              Job M1             Job M2

Direct materials                  $ 75 000            $ 56 000

Direct production labour          $ 275 000             $ 209 000

  • Direct production labour is paid at the rate of $25 per hour. Production overhead costs are allocated at a budgeted rate of $22 per direct production labour-hour. Only Job M1 was completed in May.

Required

Question 1: What is the allocated production overhead for Job M1 and M2?

Reference no: EM132526426

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