ACCT HW E3-15 & P3-25A

ACCT HW E3-15 & P3-25A - (15 min.) E 3-15 Req. 1 Job...

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Unformatted text preview: (15 min.) E 3-15 Req. 1 Job Cost Record for Job #310 Direct Materials: Total Lumber: 50 units at $9.00 per unit $450 Padding: 15 yards at $20 per yard $300 Upholstery fabric: 30 yards at $25 per yard $750 Total Direct Materials $1,500 Direct Labor: Vince Owens: 10 hours at $10 per hour $100 Patrick Erin: 15 hours at $15 per hour $225 Total Direct Labor $ 325 Manufacturing Overhead Allocated: 80% of Direct Labor cost (80% $325) $ 260 Total Job Cost $2,085 Req. 2 Sales price per recliner $600 Cost per recliner ($2,085 total job cost 5 recliners) (417) Gross profit per recliner $183 (continued) E 3-15 Req. 3 a. Work in Process Inventory . 1,500 Raw Materials Inventory. 1,500 b. Work in Process Inventory. 325 Manufacturing Wages. 325 c. Work in Process Inventory. 260 Manufacturing Overhead 260 d. Finished Goods Inventory.. 2,085 Work in Process Inventory 2,085 e. Accounts Receivable...
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ACCT HW E3-15 & P3-25A - (15 min.) E 3-15 Req. 1 Job...

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