"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. LOADING...​(Click the icon to view additional​ information.) Sierra Ceramics allocates manufacturing overhead at a rate of​ $30 per direct labor hour. What is the gross profit per tile on Job​ #266?"

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: The additional information which it discussed in the question is missing and without the information, it can be solved. However, I have found similar question on the internet and will be using its data to solve this question.

Tiles Completed = 2800

Each Tile sells for = $13

Here, we are required to find the gross profit per tile on job #266.

Formula for Gross Profit = Selling price of single tile - Job cost per unit.

But here, we don't know the job cost per unit and for that, we need that additional information which is missing. So, I will using following data for the sake of understanding and concept of the problem.

Direct Materials:

Basic Terra Cotta tiles  cost =  $10,000

Specialty Paint = $35

High Gloss Gaze = $48

Total Direct Materials Cost = $10,000 + $35 +$48 = $10,083

Direct Labor:

Cooper cost = $450

Kline cost = $300

Total Labor Cost = $750

Manufacturing Overhead = 38 hours x $27  = $1026

Total Job Cost = $11859

Number of Tiles = 2800

So,

Job Cost per unit = Total Job Cost / Number of Units

Job Cost per unit = $11859/ 2800

Job Cost per unit = $4.23

Now, we can calculate the required gross profit per tile on Job #266.

Formula for Gross Profit per tile = Selling price of single tile - Job cost per unit.

Gross Profit per tile = $13 - $4.23  

Gross Profit per tile = $8.77 per tile

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Applying the research findings to a marketing strategy plan is the ______ step in the marketing research process. Multiple choice question.

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(1 point) When one rents an apartment, one is often required to give the landlord a security deposit that is returned if the apartment is undamaged when you leave. In some localities, the landlord is required to pay the tenant interest once a year compounded yearly. Assume that the landlord is required to pay the tenant interest of 5 % compounded annually. (a) Suppose the landlord invests a security deposit of $ 550 at a rate of 4.3 % compounded continuously. What is his net gain or loss after one year, rounded to the nearest cent

1
Select the correct answer.
Which job is an entry-level position?
OA.
auditor
OB. marketing manager
OC.
restaurant manager
OD
room attendant
Reset
Next

If a company is using a cost leadership strategy, which of the following potential pitfalls is not a characteristic of that strategy? Multiple Choice Too much focus on one value-chain activity can lead to greater loss. Cost advantages erode when pricing information is readily available. A lack of parity on differentiation is evident. The strategy is not easily imitated.

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At what value should the land be recorded in Obermayer Repair Service's records?
$fill in the blank 1

Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs

In response to accounting scandals and the collapse of Enron at the turn of the century, the U.S. Congress passed the Sarbanes-Oxley Act to establish a system of federal oversight of corporate accounting practices. The purpose of the law is to hold CEOs accountable in matters of financial reporting, and to ensure the truthfulness of statements offered to investors. Despite the law's good intentions, businesses must now spend millions of dollars each year just to comply with the regulations. However, the steep challenges of compliance have created a boom in new accounting firms that specialize in helping companies meet the law's requirements.Answer the multiple choice questions that follow the video content.Congress passed Sarbanes-Oxley into law as a response to:a. Globalization b. Financial scandals and corporate fraud c. Consumer protection violations d. Executive CEO pay How does Sarbanes-Oxley attempt to improve business ethics?a. By regulating executive retirement plans b. By legally requiring companies to certify the truth of their statements to investors c. By enacting legal protections against discrimination d. By offering suggestions for how companies might be more transparent Which aspect of Sarbanes-Oxley has created severe difficulties for businesses?
a. The law's whistle-blower protections
b. The creation of the Public Company Accounting Oversight Board c
. The law's aim to hold CEOs accountable
d. The cost and difficulties of compliance

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A. $294,000
B. $441,000
C. $444,150
D. $437,850

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HELP, 50 POINTS!
Which example needs a transition word or phrase between sentences to connect the ideas?

a.)
Engaging your employees in a day of service is a good way to make a difference in your community. The costs associated with shutting down your business for a full day may be significant.

b.)
Several significant hurricanes have hit the region in recent years. The damage done by them has caused insurance rates to rise.

c.)
Many students don't clearly understand what constitutes plagiarism. Therefore, plagiarism is often unintentional.

d.)
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Please check if my answers to first part is correct.
Discussion Question 4-6 (LO. 1)
1. Complete the statements below regarding "what is the control requirement of § 351".
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote, and at least 75% of the total number of shares of all other classes of the corporation's stock.
2. Classify the following as either "True" or "False" regarding the control requirement of § 351.
a. If a shareholder renders only services to the corporation for stock, the transfer cannot qualify under § 351 because services rendered are not "property."
b. If a shareholder renders services and transfers property to the corporation for stock, the shareholder will never be treated as a member of the transferring group.
c. Stock under momentary control counts in determining control if the plan for the sale or other disposition of the stock existed before the exchange.
d. If a long period of time elapses between the transfers of property by different shareholders to the corporation, the control requirement may be lost regarding the later transfers because no documentation exists making multiple transfers part of an integrated plan.

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A. revenue would be too high.
B. assets would be too low.
C. expenses would be too low.
D. expenses would be too high,

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-self motivation

- personal adapitlity

-openness to change

-resilience