Question 1 2.5 points Save Answer Ameera, Inc., manufactures various metal parts in batches as ordered by customers, and accounts for them using job costing. Job 2346-8, a large job for customer X. incurred S120,000 of direct materials costs and S310,000 of direct labor costs. Ameera applies overhead at a rate of 150% of direct labor cost, Ameera quoted customer X a fixed price for the job of S1,000,000. The job consisted of 100,000 units of which 10,000 units are spoiled with no rework or disposal value. The job also created 200 pounds of scrap which can be sold for $3 per pound Calculate the gross margin Ameera will earn for this job, assuming the scrap sale is treated as immaterial, and normal spoilage is 8% of good units. 130060 130360 129760 127781.815 Activate Windows