The following information pertains to Job 712 that Daichi Manufacturing Company completed during January 2014. Materials and

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The following information pertains to Job 712 that Daichi Manufacturing Company completed during January 2014. Materials and labor costs for the job were $49,000 and $38,000, respectively. Applied overhead costs were $32,000. Daichi completed and delivered the job to its customer and earned a $36,000 gross profit.

Required
Determine the contract price for the job.

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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