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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
Hollinger Ceramics makes custom ceramic tiles. During March, the company started and finished Job #755. The company's records show the following direct materials were requisitioned for Job #755.

Plain white tiles:   1,200 units at $5.00 per unit
Specialty paint:   9 quarts at $8.00 per quart
High gloss glaze:   5 quarts at $12.00 per quart

Labor time records show the following employees worked on Job #755:

Steven Hightop:   20 hours at $27 per hour
Andy Pickering:   10 hours at $17 per hour

Hollinger Ceramics allocates manufacturing overhead at a rate of $14 per direct labor hour.

a. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job #755's job cost record.
b. Job #755 consists of 1,200 tiles. If each tile sells for $12.00, what is the gross profit per tile?
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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bernie2981 Author
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8 years ago
Answers my question perfectly.
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