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OliverOliver
Furniture started and finished
Job 310Job 310
during
NovemberNovember.
The company's records show that the following direct materials were requisitioned for
Job 310Job 310 :
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(Click the icon to view the direct materials for Job 310.)
Lumber:
5151
units at
$ 11$11
per unit Padding:
1111
yards at
$ 17$17
per yardUpholstery fabric:
2727
yards at
$ 29$29
per yardLabor time records show the following employees (direct labor) worked on
Job 310Job 310 :
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(Click the icon to view the labor time records for Job 310.)
OliverOliver
allocates manufacturing overhead at a rate of
$ 10$10
per direct labor hour.Read the requirements
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.
Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on
Job 310Job 310 's
job cost record.
| Job Cost Record for Job 310 | |
| Direct Materials: | | | | | | Total | |
| Lumber | | units at | | per unit | | | |
| Padding | | yards at | | per yard | | | |
| Upholstery fabric | | yards at | | per yard | | | |
| Total Direct Materials | | | |
| Direct Labor: | | | | | | | |
| Jeff Paradis | | hours at | | per hour | | | |
| John Maddock | | hours at | | per hour | | | |
| Total Direct Labor | | hours | | | | | |
| Manufacturing Overhead Allocated: | | | |
| $10 | Per direct labor hour | | | | |
| Total Job Cost | | | |
Requirement 2.
Job 310Job 310
consists of
tenten
recliners. If each recliner sells for
$ 725$725 ,
what is the gross profit per recliner? Identify the formula and then compute the gross profit. (Round your answers to the nearest whole number.)
| | | | = | Gross profit (per unit) | |
| | - | | = | | |
Choose from any list or enter any number in the input fields and then continue to the next question
Answer & Explanation
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