what is the total gross profit reported on the job during the month?
For Reel, Inc. is a manufacturer of fishing rods. The company produces the rods in small batches. At the beginning of the year, For Reel estimated total manufacturing
During January, For Reel started and finished Job Allatoona. The job consisted of 10 identical fishing rods sold at a sales price of $500 per rod. A total of $1,500 in direct materials were requisitioned for the job during the month. Direct laborers were paid at a rate of $22 per direct labor hour and were paid $132 in total for work performed on the job. The job required 3.0 hours of machine time. Assuming 4 of the rods were sold during January, what is the total gross profit reported on the job during the month?
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