Kimberly Glass Works makes custom glass tiles. During May, the company started and finished Job #915. The company's records show the following direct materials were requisitioned for Job #915
Clear white tiles: | 3,000 units at $3.00 per unit |
Specialty colours: 8 quarts at $5.00 per quart
Mirror gloss: 6 quarts at $10.00 per quart
Labour time records show the following employees worked on Job #915:
Sarah Goodson: 20 hours at $25 per hour
Micah McWhorter: 10 hours at $15 per hour
Kimberly Glass Works allocates manufacturing overhead at a rate of $14 per direct labour hour.
A) Compute the total amount of direct materials, direct labour, and manufacturing overhead that should be shown on Job #915's job cost record.
B) | Job #915 consists of 3,000 tiles. If each tile sells for $11.00, what is the gross profit per tile? |
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