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Author Question: Hollinger Ceramics makes custom ceramic tiles. During March, the company started and finished Job ... (Read 53 times)

theo

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Hollinger Ceramics makes custom ceramic tiles. During March, the company started and finished Job #914. The company's records show the following direct materials were requisitioned for Job #914.

Plain white tiles: 1,500 units at $3.00 per unit
Specialty paint: 4 quarts at $5.00 per quart
High gloss glaze: 3 quarts at $10.00 per quart

Labour time records show the following employees worked on Job #914:
Sarah Goodson: 10 hours at $25 per hour
Micah McWhorter: 5 hours at $15 per hour
Hollinger Ceramics allocates manufacturing overhead at a rate of $12 per direct labour hour.

A)Compute the total amount of direct materials, direct labour, and manufacturing overhead that
should be shown on Job #914's job cost record.
B)Job #914 consists of 1,500 tiles. If each tile sells for $11.00, what is the gross profit per tile?


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Marked as best answer by theo on Jan 4, 2020

peilian

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theo

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review


scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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