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Soucy Furniture started and finished Job 310 during August. The company's records show that the following direct materials were requisitioned for Job 310: i (Click
Soucy Furniture started and finished Job 310 during August. The company's records show that the following direct materials were requisitioned for Job 310: i (Click the icon to view the direct materials for Job 310.) Labor time records show the following employees (direct labor) worked on Job 310: 1 (Click the icon to view the labor time records for Job 310.) Soucy allocates manufacturing overhead at a rate of $15 per direct labor hour. Read the requirements. Job Cost Record for Job 310 Direct Materials: Total Lumber 54 units at $ 6 per unit 324 Padding 10 yards at $ 15 per yard 150 Upholstery fabric 32 yards at $ 24 768 per yard Total Direct Materials 1,242 Direct Labor: Jim Jackson Patrick Erin Total Direct Labor Manufacturing Overhead Allocated: 16 hours at 9 per hour 144 19 hours at 14 per hour 266 35 hours EA 410 $ 15 Per direct labor hour Total Job Cost 525 2,177 Requirement 2. Job 310 consists of ten recliners. If each recliner sells for $875, what is the gross profit per recliner? Identify the formula and then compute the gross profit. (Round your answers to the nearest whole number.) Sales price (per unit) Total job cost (per unit) Gross profit (per unit) 875 = More Info Jim Jackson: 16 hours at $9 per hour Patrick Erin: 19 hours at $14 per hour Print Done i More Info Lumber: 54 units at $6 per unit Padding: 10 yards at $15 per yard Upholstery fabric: 32 yards at $24 per yard Print Done
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