Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Fontaine Furniture started and finished Job 310 during June. 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 $16 per direc labor hour. Read the requirements. Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Total Direct Materials Total Direct Labor Manufacturing overhead Requirement 2. Job 310 consists of ten recliners. If each recliner sells for $775, what is the gross profit per recliner? (Round your answers to the nearest whole number.) The gross profit per recliner is More info Lumber: 51 units at $11 per unit Padding: 16 yards at $15 per yard Upholstery fabric: 27 yards at $27 per yard More info Vince Owens: 12 hours at $15 per hour Patrick Erin: 12 hours at $17 per hour Requirements 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. 2. Job 310 consists of ten recliners. If each recliner sells for $775, what is the gross profit per recliner

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

Schaums Outline Of Theory And Problems Of Managerial Accounting

Authors: Jae K. Shim, Joel G. Siegel

0070573050, 978-0070573055

More Books

Students also viewed these Accounting questions

Question

Describe the sense of touch.

Answered: 1 week ago

Question

2. Define communication.

Answered: 1 week ago