Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet on the following page.

The company applies overhead to jobs at a rate of $15 per direct labor hour.

Required:
1. Calculate how much overhead would be applied to Job 1324.
2. Compute the total cost of Job 1324.
3. Assume the company bids its pools at total manufacturing cost plus an additional 30 percent. If actual costs were the same as estimated, determine how much revenue the company would report on the sale of Job 1324.
4. Calculate how much gross profit Aquazona made on the sale of the Drayna pool, before any adjustment for over- or underapplied manufacturing overhead.

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Job Cost Sheet Job Number: 1324 Date Started: 7/8/2013 Date Completed: 8/30/2013 Description Drayna Pool Applied Direct Materials Direct Labor Manufacturing Overhead Reg. No Amount Ticket Hours Amount Hours Rate Amount MR 3345 $1,500 TT 335 3 600 800 600 700 500 158 $3,200 MR 3372 MR 4251 MR 4263 MR 5236 1,000TT 340 1,250 TT 385 1,750 TT 425 34 2,000 TT 445 39 31 23 $7,500 Cost Summary $7,500 3,200 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost