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Author Question: Kimberly Glass Works makes custom glass tiles. During May, the company started and finished Job ... (Read 200 times)

nelaaney

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on: Jan 4, 2020
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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Marked as best answer by nelaaney on Jan 4, 2020

Liddy

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Reply #1 on: Jan 4, 2020
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nelaaney

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Reply 2 on: Jan 4, 2020
Wow, this really help

atrochim

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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