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

The company applies overhead to jobs at a rate of $10 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 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.

Job Cost Sheet Job Number 1324 Date Started: 7/12/2010 Date Completed: Description: Drayna Pool Direct Materials Direct Labor Reg. No Amount Ticket Hours Amount Hours Applied Manufacturing Overhead Rate Amount MR 3345 $1,500 TT 335 31 $ 600 MR 3372 1,000 TT 340 39 800 MR 4251 1,250 TT 385 31 600 MR 4263 1,750 TT 425 34 700 MR 5236 2,000 TT 445 23 500 $7,500 158 $3,200 ? ? ? Cost Summary Direct Materials Cost $7,500 Direct Labor Cost Applied Manufacturing Overhead Total Cost 3,200 ?