Question
make the answeres clear please thanks! Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job
make the answeres clear please thanks!
Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet below.
Job Cost Sheet | |||||||
Job Number: 1324 | |||||||
Date Started: July 8 | |||||||
Date Completed: September 9 | |||||||
Description: Drayna Pool | |||||||
Direct Materials | Direct Labor | Applied Manufacturing Overhead | |||||
Requisition Number | Amount | Ticket | Hours | Amount | Hours | Rate | Amount |
MR 3345 | $ 1,460 | TT 335 | 34 | $ 673.20 | |||
MR 3372 | 1,090 | TT 340 | 48 | 950.40 | |||
MR 4251 | 1,250 | TT 385 | 22 | 435.60 | |||
MR 4263 | 1,650 | TT 425 | 37 | 732.60 | |||
MR 5236 | 2,060 | TT 445 | 31 | 613.80 | |||
$ 7,510 | 172 | $ 3,405.60 | ? | ? | ? | ||
Cost Summary | |||||||
---|---|---|---|---|---|---|---|
Direct Materials Cost | $ 7,510.00 | ||||||
Direct Labor Cost | 3,405.60 | ||||||
Applied Manufacturing Overhead | ? | ||||||
Total Cost |
The company applies overhead to jobs at a rate of $9.90 per direct labor hour.
Required:
1. Calculate how much overhead would be applied to Job 1324.
2. Compute the total cost of Job 1324.
3. Assume the company bids its pools at total manufacturing cost plus an additional 35 percent. If actual costs were the same as estimated, determine how much revenue the company would report on the sale of Job 1324.
4. Calculate how much gross profit Aquazona made on the sale of the Drayna pool, before any adjustment for over- or underapplied manufacturing overhead.
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