Question

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: 18 hours at​ $24 per hour Matthew​ Kline: 20 hours at​ $13 per hour Sierra Ceramics allocates manufacturing overhead at a rate of​ $27 per direct labor hour. What is the gross profit per tile on Job​ #266?

Answer 1