ninaaforever
13.02.2020 •
Business
Tandoi Furniture started and finished Job 310 during April.The company's records show that the following direct materials were requisitioned for Job 310:Direct Materials for Job 310:Lumber: 50 units at $5 per unitPadding: 11 yards at $13 per yardUpholstery fabric: 28 yards at $30 per yardLabor time records show the following employees (direct labor) worked on Job 310:Labor Time Records for Job 310:Jeff Paradise: 11 hours at $9 per hourJohn Maddock: 12 hours at $18 per hourTandoi allocates manufacturing overhead at a rate of $14 per direct labor hour.Requirements:1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record2. Job 310 consists of six recliners. If each recliner sells for $725, what is the gross profit per recliner?
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Ответ:
Total Direct Materials Cost $ 1,233
Total Direct Labour Cost $ 315
Total Manufacturing Overhead $ 322
Profit per recliner $ 415
Explanation:
Computation of Direct Materials Cost
Lumber 50 units @ $ 5 per unit $ 250
Padding 11 yards @ $ 13 per yard $ 143
Upholstery fabric 28 yards @ $ 30 per yard $ 840
Total Material Cost $ 1,233
Computation of Direct Labour Cost
Jeff Paradise 11 hours @ $ 9 per hour $ 99
John Maddock 12 hours @ $ 18 per hour $ 216
Total Labor Costs $ 315
Computation of Manufacturing Overhead
Total number of hours 23 hours
Overhead rate $ 14 per direct labour hour
$ 23 per hour * $ 14 per hour $ 322
Total Manufacturing Costs $ 1,860
Costs per recliner $ 1,860/6 $ 310
Sales price $ 725
Profit per recliner $ 415
Ответ: