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Lounge Lizard Furniture started and finished Job 310 during July. The company's records show that the following direct materials were requisitioned for Job 310:
Lounge Lizard Furniture started and finished Job 310 during July. 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.) Lounge Lizard allocates manufacturing overhead at a rate of $16 per direct 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. Job Cost Record for Job 310 Direct Materials: Lumber units at per unit Padding yards at per yard Upholstery fabric yards at per yard Total Direct Materials Direct Labor: Joe Hume hours at hours at per hour per hour hours Patrick Erin Total Direct Labor Manufacturing Overhead Allocated: $ Total Job Cost 16 Per direct labor hour Get mo More info Lumber: 54 units at $5 per unit Padding: 12 yards at $20 per yard Total 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 three recliners. If each recliner sells for $700, what is the gross profit per recliner? Upholstery fabric: 25 yards at $30 per yard
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