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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500 tiles; each tile sells for $12.00. The company's records show the following direct materials were requisitioned for Job #266.

Basic terra cotta tiles:  2,500 units at $4.00 per unit
Specialty paint:  5 quarts at $7.00 per quart
High gloss glaze:  4 quarts at $12.00 per quart

Labor time records show the following employees worked on Job #266:

Alice Cooper:  18 hours at $24 per hour
Matthew Kline:  20 hours at $13 per hour

Sierra Ceramics allocates manufacturing overhead at a rate of $27 per direct labor hour.

What is the gross profit per tile on Job #266?
A) $7.28
B) $7.69
C) $12.00
D) $11.59
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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