Calculate the percentage of recycled content used in the County job (using pounds). If items purchased by County are required by county charter to contain at least recycled content, does this job meet that requirement?

Lincoln Plastics manufactures custom park furniture and signage from recycled plastics (primarily shredded milk jugs). Many of the company's customers are municipalities that are required by law to purchase goods that meet certain recycled-content guidelines. (Recycled-content can include post-consumer waste materials, pre-consumer waste materials, and recovered materials). As a result, Lincoln includes two types of direct material charges in its job cost for each job: (1) virgin materials (non-recycled), and (2) recycled-content materials. B (Click the icon to view the additional data.) Read the requirements Total direct materials $ 712 Direct labor 380 Manufacturing overhead allocated 280 $ 1,372 Total job cost Requirement 2. Calculate the percentage of recycled content used in the Osage County job (using pounds). First enter the formula, then calculate the percentage of recycled content. - Percentage of recycled content % Data table Lincoln also keep track of the pounds of each type of direct material so that the final recycled-content percentage for the job can be reported to the customer. Lincoln also reports on the percentage of recycled-content as a total of total plastic used each month in its own internal reporting system to help to encourage managers to use recycled-content whenever possible. Lincoln Plastics uses a predetermined manufacturing overhead rate of $14 per direct labor hour. Here is a summary of the materials and labor used on a recent job for Osage County: Description Cost Virgin materials Quantity 60 pounds 140 pounds Recycled-content materials $4.40 per pound $3.20 per pound $19.00 per hour Direct labor 20 hours Print Done