70.2K

Verified Solution

Link Copied!

i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Job 310 consists of six recliners. If each recliner sells for $700, what is the gross profit per recliner? 1. 2. Print Done E3-23A (similar to) Question Help Goldstein Furniture started and finished Job 310 during October. The company's records show that the following direct materials were requisitioned for Job 310: Labor time records show the following employees (direct labor) worked on Job 310: (Click the icon to view the labor time records for Job 310.) Goldstein allocates manufacturing overhead at a rate of $17 per direct labor hour Read the requirements (Click the icon to view the direct materials for Job 310.) Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record Job Cost Record for Job 310 More Info Total Direct Materials: Lumber Padding Upholstery fabric units at yards at yards at per unit per yard per yard Penny Rawls: 14 hours at $16 per hour Kevin Ohlmstead: 14 hours at $19 per hour Total Direct Materials Direct Labor: Penny Rawls Kevin Ohlmstead More Info hours at per hour hours at per hour Lumber: 47 units at $10 per unit Padding: 12 yards at $21 per yard Upholstery fabric: 31 yards at $25 per yard Total Direct Labor hours Manufacturing Overhead Allocated 17 Per direct labor hour Total Job Cost Print Done i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Job 310 consists of six recliners. If each recliner sells for $700, what is the gross profit per recliner? 1. 2. Print Done E3-23A (similar to) Question Help Goldstein Furniture started and finished Job 310 during October. The company's records show that the following direct materials were requisitioned for Job 310: Labor time records show the following employees (direct labor) worked on Job 310: (Click the icon to view the labor time records for Job 310.) Goldstein allocates manufacturing overhead at a rate of $17 per direct labor hour Read the requirements (Click the icon to view the direct materials for Job 310.) Requirement 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record Job Cost Record for Job 310 More Info Total Direct Materials: Lumber Padding Upholstery fabric units at yards at yards at per unit per yard per yard Penny Rawls: 14 hours at $16 per hour Kevin Ohlmstead: 14 hours at $19 per hour Total Direct Materials Direct Labor: Penny Rawls Kevin Ohlmstead More Info hours at per hour hours at per hour Lumber: 47 units at $10 per unit Padding: 12 yards at $21 per yard Upholstery fabric: 31 yards at $25 per yard Total Direct Labor hours Manufacturing Overhead Allocated 17 Per direct labor hour Total Job Cost Print Done

Answer & Explanation Solved by verified expert

See Answer