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Requirements: 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.
Requirements:
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 four recliners. If each recliner sells for $750, what is the gross profit per recliner? |
Direct materials for job 310:
Lumber: 47 units at $10 per unit
Padding: 14 yards at $20 per yard
Upholstery fabric: 28 yards at $26 per yard
Labor time records for Job 310:
Penny Rawls: 11 hours at $9 per hour
John Maddock: 16 hours at $21 per hour
Tandoi Furniture started and finished Job 310 during March. 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.) Tandoi 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 Direct Materials: Lumber Padding Upholstery fabric D Total Direct Materials units at yards at yards at C per unit per yard p er yard per yard Direct Labor: Penny Rawls John Maddock hours at hours at per hour per hour Total Direct Labor hours Manufacturing Overhead Allocated: 8 Per direct labor hour Total Job CostStep by Step Solution
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