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Question: pro tire manufactures tires for allterrain vehicles pro uses job...

Question details

Pro Tire manufactures tires for​ all-terrain vehicles. Pro uses job costing and has a perpetual inventory system. On June ​22, Pro received an order for 170 TX tires from ATV Corporation at a price of $ 50 each. The​ job, assigned number​ 298, was promised for July 10. After purchasing the​ materials, Pro began production on June 30 and incurred the following direct labor and direct materials costs in completing the​ order:

                              

Date

Labor Time Record No.

Description

Amount

6/30

1896

12 hours at $14

$168

7/3

1904

30 hours at $18

$540

Materials

Requisition

Date

No.

Description

Amount

6/30

437

60 lbs. rubber at $10

$600

7/2

439

40 meters polyester fabric at $16

$640

7/3

501

100 meters steel cord at $12

$1,200

Pro allocates manufacturing overhead to jobs on the basis of the relation between expected overhead costs ​($ 396000​) and expected direct labor hours ​(18000​). Job 298 was completed on July 3 and shipped to ATV on July 5.

Requirements

1.

Prepare a job cost record for Job 298.

2.

Calculate the total profit and the​ per-unit profit for Job 298.

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