One Friday morning a customer brings a rush order of 2,500 units of product X at a unit sales price of $20. Glory Company agrees
One Friday morning a customer brings a rush order of 2,500 units of product X at a unit sales price of $20. Glory Company agrees to produce these units for the customer over the weekend for shipment on Monday.
Fifty of the direct labor employees who earn $30 an hour work eight hours each day on Saturday and Sunday to complete the order. Glory Company's regular working day is Monday and Friday. The companys policy on overtime during weekends is time and a half.
Material costing $3 per unit was used on the order. The factory overhead application rate is $18 per direct labor hour.
Requirements:
The amount of direct labor charged to the job is ?
The amount of factory overhead charged to the job is ?
The amount of total payroll charged to job is ?
Total cost of goods sold ?
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