Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fontaine Furniture started and finished Job 310 during April. The company's records show that the following direct materials were requisitioned for Job 310: (Click the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Fontaine Furniture started and finished Job 310 during April. The company's records show that the following direct materials were requisitioned for Job 310: (Click the icon to view the direct materials for Job 310.) Labor time records show the following employees (direct labor) worked on Job 310: (Click the icon to view the labor time records for Job 310.) Fontaine allocates manufacturing overhead at a rate of $12 per direct labor hour. Read the requirements. GA per unit $ $ Direct Materials: Total Lumber 45 units at 4 180 Padding 13 yards at $ 14 per yard 182 Upholstery fabric 25 yards at $ 30 per yard 750 More it Total Direct Materials $ 1,112 Direct Labor: Penny Penny Rawls 12 hours at $ 13 per hour 156 Mark Fri 16 352 Mark Frizzell hours at $ 22 per hour Total Direct Labor 28 hours 508 Manufacturing Overhead Allocated: 336 $ 12 Per direct labor hour $ 1,956 Total Job Cost Requirement 2. Job 310 consists of twelve recliners. If each recliner sells for $750, what is the gross profit per recliner? Identify Sales price (per unit) Total job cost (per unit) Gross profit (per unit) 1956 = $ More info - X More info Lumber: 45 units at $4 per unit Padding: 13 yards at $14 per yard Upholstery fabric: 25 yards at $30 per yard Penny Rawis: 12 hours at $13 per hour Mark Frizzell: 16 hours at $22 per hour Print Done Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Towards A Strategic Human Resource Management Roles Of HR Audit And Org Culture

Authors: Adel Al Samman

1st Edition

3330653051, 978-3330653054

More Books

Students also viewed these Accounting questions