Avonlea Construction builds custom houses for individual buyers. On April 1, it had one job started with a beginning Work-in-Process Inventory balance of $76,000. During April, the job was finished and sold. Direct labour for the job in April was $75,000, and direct materials used in April were $67,000. Overhead is computed at a rate of 65% of direct labour. All sales have a markup of 40%. What was the sales price of the house?

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The Answer of Avonlea Construction builds custom houses for individual buyers. On April 1, it had one job started with a beginning Work-in-Process Inventory balance of $76,000. During April, the job was finished and sold. Direct labour for the job in April was $75,000, and direct materials used in April were $67,000. Overhead is computed at a rate of 65% of direct labour. All sales have a markup of 40%. What was the sales price of the house?

Avonlea Construction Builds Custom Houses for Individual Buyers