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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 Solved by verified expert

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