Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls fill out blanks with given information. Smythe Lighting manufactures a variety of lamps for lighting specialty stores. In September, Smythe Lighting received an order

image text in transcribedimage text in transcribedimage text in transcribedpls fill out blanks with given information.

Smythe Lighting manufactures a variety of lamps for lighting specialty stores. In September, Smythe Lighting received an order from Zing Decor for 60 mission-style table lamps (Model 5A). The order from Zing Decor became Job Number 804 at Smythe Lighting (Click the icon to view the additional information.) - X Read the requirement. Requirement Add direct materials and direct labor to the Job Cost Record for Job 804. Manufacturing overhead has already been added to the Job Cost Record for this job. Assume that the job was completed on September 19. Complete the Job Cost Record by calculating the total job cost and the cost per unit. Remember that this job consisted of 60 lamps (units). (Round the cost per unit to the nearest cent, X.XX.) Print Done Date Completed: Sep. 19 X Cost Summary More info Job Cost Record 804 Job Number: Customer: Zing Decor Job description: 60 Model 5A-Mission-style table lamps - Date Started: Sep. 14 Manufacturing Cost Information: Direct Materials Req. # 1247 Direct Labor Manufacturing Overhead 15 hours 51 per direct labor hour Total Job Cost Number of Units Cost per Unit Materials requisition #1247 for Job 804 shows that a total of 5315 of direct materials were used in manufacturing the job. In addition to the materials requisition, the labor time records show that a total of $120 of direct labor costs was incurred in producing these lamps: a total of 15 direct labor hours were worked on this job. $ 15 ( Print Done Oliver Furniture started and finished Job 310 during Jure. The company's records show that the following direct materials were requisitioned for Job 310: A (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.) Oliver allocates manufacturing overhead at a rate of $8 per direct labor hour. Read the requirements - X More info Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhea Job Cost Record for Job 310 Total Direct Materlals: Lumber Padding Lumber: 45 units at $9 per unit Padding: 11 yards at $21 per yard Upholstery fabric: 24 yards at $30 per yard units at per unit yards at per yard yards at per yard Upholstery fabric Total Direct Materials Ulm Print Done - X Direct Labor: Jeff Inglis hours at per hour per hour Patrick Erin hours at Total Direct Labor hours Manufacturing Overhead Allocated: : $ 8 Per direct labor hour 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 twelve recliners. If each recliner sells for $825. What is the gross profit per recliner? Total Job Cost Print Done Oliver 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.) Oliver allocates manufacturing overhead at a rate of $8 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 Total X Requirements Direct Materials: Lumber Padding units at per unit yards at per yard per vard 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 twelve recliners. If each recliner sells for $825, what is the gross profit per recliner? Upholstery fabric yards at Total Direct Materials Direct Labor: Jeff Inglis hours at Patrick Erin hours at Total Direct Labor hours Manufacturing Overhead Allocated: per hour per hour Print Done $ & Per direct labor hour Total Job Cost

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

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions

Question

=+ Are outside resource people used?

Answered: 1 week ago