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123 Corporation is trying to determine the cost of a job, 1514. Job #1514 used 150 kg of steel that cost $8,500 a tonne, 5
- 123 Corporation is trying to determine the cost of a job, 1514. Job #1514 used 150 kg of steel that cost $8,500 a tonne, 5 metres of rubber that cost $125 a metre and 0.5 metre of wiring costing $350 a metre. Employee #13 worked on the job for 8.5 hours and employee #9 worked on the job for 9 hours. Manufacturing overhead is allocated at a rate of $12.5 per direct labour hour. Direct Labour costs an average of $50.75 an hour.
- What is the total amount($) of direct materials used on job 1514s job record?
- What is the total amount of direct labour used on job 1514s job record?
- What is the total amount of manufacturing overhead on job 1514s job record?
- What is the total cost of job 1514?
- Assuming job #1514 produces 3 bikes, what is the cost per bike?
- Assuming each bike sells for $1,500, what is the gross profit per bike?
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