Answer:
Gross Profit for Job 306 is $192,000
Explanation:
Raw Material used $682,000
Indirect Material used $53,000
Indirect Labor $28,000
Factory rent $36,000
Factory utilities $25,000
Factory equipment depreciation $52,000
Total cost $876,000
Job 306 cost allocation : $876,000 * 50% = $438,000
Revenue of Job 306 : $630,000
Gross Profit = $192,000