Question

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. rials be shown on Job 310's Re job Х х More Info More Info b 3 D LU erul Vince Owens: 16 hours at $9 per hour Jarrod Patten: 20 hours at $18 per hour Lumber: 49 units at $8 per unit Padding: 8 yards at $17 per yard Upholstery fabric: 27 yards at $30 per yard P pryl U pry Print Done Print Done Х 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. Job 310 consists of twelve recliners. If each recliner sells for $850, what is the gross profit per recliner? 2. Er

Answer 1

Job Cost Record for Job 310 Total Direct material Lumber. ug units at 8. per unit 392 padding 8 yards at per yard. 136 upholstery fabric 27 yards at 30 per yard 810 Total Direct materials 1338 Direet Labour vince owens. 16 hours. and 9 / per hour 144 Jarrod patten 20 hours at 18 / per hours 360 Total Diret Labrus hr. 36 504 Manufacturing overhead Allocated 36 hours. 16 per direct Labours. 576 Total Job Cost. 2418

Tost per recliner 2418 $ 202 (approx). Sets Sales price per recliner - $ 850 Gross profit margin Sales price Cost per recliner 19 $850 202 $ 648
IT IS ASSUMED THAT , TOTAL COST IS FOR 12 RECLINER , SO WE REQUIRED , PER COST RECLINER

IT IS ARIVED FROM DIVINDING (  TOTAL COST )/( 12 RECLINER )