London Ceramics Makes Custom Ceramic Tiles

question 80

Multiple Choice

London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2800 tiles; each tile sells for $13.00. The company's records show the following direct materials were requisitioned for Job #266. Basic terra cotta tiles: 2800 units at $9.00 per unit
Specialty paint: 7 quarts at $12.00 per quart
High gloss glaze: 14 quarts at $16.00 per quart
Labor time records show the following employees worked on Job #266:
Alice Cooper: 24 hours at $31 per hour
Matthew Kline: 24 hours at $17 per hour
Sierra Ceramics allocates manufacturing overhead at a rate of $30 per direct labor hour.
What is the gross profit per tile on Job #266?

• A)$13.00
• B)$2.96
• C)$3.89
• D)$12.49

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Definitions:

Phonetic Method

An approach to teaching reading and writing that emphasizes the learning of sounds and the letters that represent them, often used in early childhood education.

Teaching

The act or profession of imparting knowledge, skills, or values to others.

Cognitive Development

The process by which individuals acquire, understand, and utilize knowledge through thought, experience, and the senses.

Transitivity

In mathematics and logic, the property of a relation where if it applies between successive pairs like a is to b and b is to c, it also applies directly between a and c.