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

Question

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

Quizplus · Accepted Answer

The Answer of 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.  
Labor time records show the following employees worked on Job #755:  
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?

Hollinger Ceramics Makes Custom Ceramic Tiles