London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266....

70.2K

Verified Solution

Question

Accounting

London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of
3,500
tiles; each tile sells for
$18.
The company's records show the following direct materials were requisitioned for Job #266.
Basic terra cotta tiles:
3,500
units at
$4
per unit
Specialty paint:
13
quarts at
$10
per quart
High gloss glaze:
12
quarts at
$20
per quart
Labor time records show the following employees worked on Job #266:
Alice Cooper:
22
hours at
$30
per hour
Matthew Kline:
21
hours at
$18
per hour
Sierra Ceramics allocates manufacturing overhead at a rate of
$35
per direct labor hour.
What is the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job #266's job cost record?
A.
$1,505
B.
$16,913
C.
$15,298
D.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students