Question

Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet on the following page. Job Cost Sheet Job Number: 1324 Date Started: 7/8/2016 Date Completed: 8/30/2016 : Drayna Pool Direct Materials Direct Labor Manufacturing Overhead Hours Rate Amount Req. No Amount Ticket Hours Amount 37 $ 762.20 988.80 762.20 638.60 453.20 175 $3,605.00 MR 3345 1,590 MR 3372 1,040 51 1,320 MR 4263 1,780 MR 5236 1,930 TT 335 TT 340 TT 385 TT 385 48 37 31 TT 42522 MR 42 7,660 Cost Summary Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost $7,660.00 3,605.00 The company applies overhead to jobs at a rate of $10.30 per direct labor hour Required 1. Calculate how much overhead would be applied to Job 1324. (Round your answer to 2 decimal places.) 2. Compute the total cost of Job 1324. (Round your answer to 2 decimal places.) Total Cost

Answer 1

1
Direct labor hours	175.00
X Predetermined overhead rate	10.30
Applied manufacturing overhead	1802.50
2
Direct materials	7660.00
Direct labor cost	3605.00
Applied manufacturing overhead	1802.50
Total cost	13067.50
3
Total cost	13067.50
Add: Markup @ 38%	4965.65
Revenue	18033.15
4
Revenue	18033.15
Less: Total cost	13067.50
Gross Profit	4965.65