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Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the
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 below. Job Number: 1324 Date Started: July 8 Date Completed: September 9 Description: Drayna Pool Direct Materials: Requisition Job Cost Sheet Direct Labor Applied Manufacturing Overhead Number Amount Ticket Hours. MR 3345 $1,480 TT 335 Amount 32 $668.00 Hours Rate Amount MR 3372 1,000 TT 340 44 919.60 MR 4251 1,260 TT 385 24 501.60 MR 4263 1,720 TT 425 35 731.50 MR 5236 1,910 TT 445 18 376.20 $7,370 153 $ 3,197.70 Cost Summary Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost $ 7,370.00 3,197.70 7 ein As nor direct lahor hour Total Cost The company applies overhead to jobs at a rate of $10.45 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 25 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. Complete this question by entering your answers in the tabs below.
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