At Sierra Ceramics what is the total amount of direct materials, direct labour, and manufacturing overhead that should be shown on Job # 231's job cost record? $4,670 $5,470 $800 $24,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
Question 20
Sierra Ceramics makes custom ceramic tiles. During March, the company started and
finished Job # 231. Job # 231 consists of 2,000 tiles; each tile sells for $12.00. The
company's records show the following direct materials were requisitioned for Job
# 231.
Basic terra cotta tiles: 2,000 units at $2.00 per unit
Specialty paint: 5 quarts at $4.00 per quart
High gloss glaze: 3 quarts at $10.00 per quart
Labour time records show the following employees worked on Job # 231:
Emily Jergens: 20 hours at $22 per hour
Dan Evrard: 12 hours at $15 per hour
Sierra Ceramics allocates manufacturing overhead at a rate of $25 per direct labour
hour.
At Sierra Ceramics what is the total amount of direct materials, direct labour, and
manufacturing overhead that should be shown on Job # 231's job cost record?
$4,670
$5,470
$800
$24,000
Transcribed Image Text:Question 20 Sierra Ceramics makes custom ceramic tiles. During March, the company started and finished Job # 231. Job # 231 consists of 2,000 tiles; each tile sells for $12.00. The company's records show the following direct materials were requisitioned for Job # 231. Basic terra cotta tiles: 2,000 units at $2.00 per unit Specialty paint: 5 quarts at $4.00 per quart High gloss glaze: 3 quarts at $10.00 per quart Labour time records show the following employees worked on Job # 231: Emily Jergens: 20 hours at $22 per hour Dan Evrard: 12 hours at $15 per hour Sierra Ceramics allocates manufacturing overhead at a rate of $25 per direct labour hour. At Sierra Ceramics what is the total amount of direct materials, direct labour, and manufacturing overhead that should be shown on Job # 231's job cost record? $4,670 $5,470 $800 $24,000
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education