Krantz Furniture started and finished Job 310 during August. The company’s records show that the… 1 answer below »

Krantz Furniture started and finished Job 310 during August. The company’s records show that the following direct materials were requisitioned for Job 310: Lumber: 47 units at $ 8 per unit Padding: 13 yards at $ 19 per yard Upholstery fabric: 28 yards at $ 27 per yard Labor time records show the following employees (direct labor) worked on Job 310: Joe Hume: 11 hours at $ 9 per hour Charles Roche: 16 hours at $ 13 per hour Krantz allocates manufacturing overhead at a rate of $ 8 per direct labor hour. Requirements 1. Compute the total amount of direct materials, direct labor, and manufacturing over-head that should be shown on Job 310’s job cost record. 2. Job 310 consists of eight recliners. If each recliner sells for $ 750, what is the gross profit per recliner?

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