Requirement 1 | ||||||
Job cost record for job 310 | ||||||
Direct materials: | Total | |||||
Lumber | 47 | units at | $ 10 | per unit | $ 470 | |
Padding | 12 | Yards at | $ 21 | per yard | $ 252 | |
Upholstery fabric | 31 | Yards at | $ 25 | per yard | $ 775 | |
Total Direct materials: | $ 1,497 | |||||
Direct Labors: | ||||||
Ponny Rawls | 14 | hours at | $ 16 | per hour | $ 224 | |
Kevin ohlmstead | 14 | hours at | $ 19 | per hour | $ 266 | |
Total Direct Labors: | $ 490 | |||||
Manufacturing Overheads allocated: | ||||||
$17 per direct Labor hours [(14+14) X $17] | $ 476 | |||||
Total Job cost | $ 2,463 | |||||
Requirement 2 | ||||||
Sales per unit | - | Total Job cost (per unit) | = | Gross Profit (per unit) | ||
$ 700 | - | $ 411 | = | $ 290 | ||
Total Job cost (per unit) = $2463 / 6 recliners |
Goldstein Furniture started and finished Job 310 during October. The company's records show that the following...
Shea Funiture started and finished Job 310 during December. 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.) More Info Lumber: 51 units at $5 per unit Padding: 11 yards at $14 per yard Upholstery fabric: 31 yards at $25 per yard Print Done Labor time records show the following employees (direct labor) worked on Job 310 (Click the icon to view the labor...
E3-23A (similar to) Question Help Fontaine Furniture started and finished Job 310 during October. 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.) Fontaine allocates manufacturing overhead at a rate of $16 per direct labor hour. Read the requirements....
Murphy Furniture started and finished Job 310 during July. 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: i (Click the icon to view the labor time reoords for Job 310.) Murphy allocates manufacturing overhead at a rate of $17 per direct labor hour Read the requirements Requirement 1. Compute the...
i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Job 310 consists of six recliners. If each recliner sells for $700, what is the gross profit per recliner? 1. 2. Print Done E3-23A (similar to) Question Help Goldstein Furniture started and finished Job 310 during October. The company's records show that the following direct materials were requisitioned for Job 310: Labor time records show the...
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...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,800 tiles, each tile sells for $16. The company's records show the following direct materials were requisitioned for Job #266. Basic terra cotta tiles: 2,800 units at $10 per unit Specialty paint: 5 quarts at $14 per quart High gloss glaze: 4 quarts at $22 per quart Labor time records show the following employees worked on Job #266: Alice Cooper: 28...
Bargain, Inc. produced 1,000 units of the company's product in 2024. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $1.25 per yard. The accounting records showed that 2,800 yards of cloth were used and the company paid $1.30 per yard. Standard time was two direct labor hours per unit at a standard rate of $17.00 per direct labor hour. Employees worked 1,300 hours and were paid $16.00 per hour. Read...
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500 tiles; each tile sells for $12.00. The company's records show the following direct materials were requisitioned for Job #266. Basic terra cotta tiles: 2,500 units at $4.00 per unit Specialty paint: 5 quarts at $7.00 per quart High gloss glaze: 4 quarts at $12.00 per quart Labor time records show the following employees worked on Job #266: Alice Cooper:...
Deluxe, Inc. produced 1,000 units of the company's product in 2018. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $1.10 per yard. The accounting records showed that 2,800 yards of cloth were used and the company paid $1.15 per yard. Standard time was two direct labor hours per unit at a standard rate of $11.25 perc as two direct labor hours per unit at a standard rate of $11.25 per...