Question
Classic Tile Company makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 3,200 tiles; each tile sells
Classic Tile Company makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 3,200 tiles; each tile sells for $14.00. The company's records show the following direct materials were requisitioned for Job #266.
Basic terra cotta tiles: 3,200 units at $4.00 per unit
Specialty paint: 12 quarts at $14.00 per quart
High gloss glaze: 10 quarts at $18.00 per quart
Labor time records show the following employees worked on Job #266:
Alice Cooper: 23 hours at $30 per hour
Matthew Kline: 23 hours at $16 per hour
Classic Tile Company allocates manufacturing overhead at a rate of $33 per direct labor hour. What is the gross profit per tile on Job #266? (Round intermediate and the final answer to the nearest cent.)
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