Question
OliverOliver Furniture started and finished Job 310Job 310 during NovemberNovember. The company's records show that the following direct materials were requisitioned for Job 310Job 310
OliverOliver
Furniture started and finished
Job 310Job 310
during
NovemberNovember.
The company's records show that the following direct materials were requisitioned for
Job 310Job 310 :
LOADING...
(Click the icon to view the direct materials for Job 310.)
Lumber:
5151
units at
$ 11$11
per unit Padding:
1111
yards at
$ 17$17
per yardUpholstery fabric:
2727
yards at
$ 29$29
per yardLabor time records show the following employees (direct labor) worked on
Job 310Job 310 :
LOADING...
(Click the icon to view the labor time records for Job 310.)
OliverOliver
allocates manufacturing overhead at a rate of
$ 10$10
per direct labor hour.Read the requirements
LOADING...
.
Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on
Job 310Job 310 's
job cost record.
Job Cost Record for Job 310 | ||||||||
Direct Materials: | Total | |||||||
Lumber |
| units at |
| per unit |
| |||
Padding |
| yards at |
| per yard |
| |||
Upholstery fabric |
| yards at |
| per yard |
| |||
Total Direct Materials |
| |||||||
Direct Labor: | ||||||||
Jeff Paradis |
| hours at |
| per hour |
| |||
John Maddock |
| hours at |
| per hour |
| |||
Total Direct Labor |
| hours |
| |||||
Manufacturing Overhead Allocated: | ||||||||
$10 | Per direct labor hour |
| ||||||
Total Job Cost |
|
Requirement 2.
Job 310Job 310
consists of
tenten
recliners. If each recliner sells for
$ 725$725 ,
what is the gross profit per recliner? Identify the formula and then compute the gross profit. (Round your answers to the nearest whole number.)
|
|
| = | Gross profit (per unit) |
| |
| - |
| = |
|
Choose from any list or enter any number in the input fields and then continue to the next question
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